Freight rates

Over the past week, freight rates for water transport over short distances have significantly decreased.

The increase in the supply of free tonnage in the Black Sea contributed to the decrease in the cost of transportation from the ports of Odesa.

Freight rates for the transportation of grain from Ukrainian ports in the segment of “coaster” and “panamax” remain unchanged.

Due to the lack of new cargo shipments with a large amount of free tonnage, the Black Sea index of short-distance transportation decreased by 4.4%.

The reason for the decrease in ship freight rates in the ports of the Danube and Great Odesa was the shortage of cargo.

During March 2024, rates for tankers in the MR (Medium Range), LR (Large Range) and VLCC (Very Large Crude Carrier) segments fell.

During the first week of April, freight rates for the transportation of grain by barges from the Danube ports decreased significantly.

In general, during the past month, Ukraine exported 87% of all cargo by water transport.

The biggest decrease in rates was observed in the “panamax” segment from the ports of Great Odesa.

Rates for the transportation of grain by barges from the Ukrainian Danube ports in the direction of Constanta have decreased somewhat.