freight rates

Freight rates in the Black Sea are held at current levels, but limited cargo volumes and differences in expectations between parties are holding back deals.

The market remains expensive, and the shortage of suitable tonnage for voyages from Ukrainian ports continues to affect commercial negotiations.

Shipowners are raising prices, relying on rising bunker costs, while charterers are increasingly agreeing to compromise levels.

The hostilities in the Middle East have led to a sharp increase in bunker fuel prices, prompting shipowners across all segments to raise freight rates.

Shipowners are more likely to offer the same freight rates for voyages from both POC and Danube ports.

Against the backdrop of increasing attacks on port infrastructure and new shelling of vessels, more and more shipowners are suspending operations in Ukrainian deep-sea ports, waiting for the situation to de-escalate.

The cost of insurance for tankers transporting Russian oil from the Black Sea has increased by 200%. Freight rates have also increased.

Attacks on tankers in the Black Sea are worrying, but have not yet affected rates for dry cargoes – the market remains sluggish.

The highest rates in the last two years are due to the growth in demand for long-haul transportation of iron ore and bauxite in the face of a shortage of available vessels. The market for transportation by “capsize” vessels — the largest dry bulk carriers for transporting iron ore and coal — is ending 2025…

At the beginning of November, the tariffs for “panamaxes” decreased moderately, while the parameters for “handysizes” remained unchanged.