freight rates

Idle ships during air raids are adding an additional percentage to freight from Ukrainian ports.

Handysize rates rise as supramax segment strengthens, while costers remain flat due to excess spare tonnage.

Charterers are more active in requesting rates for July shipments, and shipowners are fixing levels slightly higher than the previous ones.

A drop in bunker prices of almost $200/t in two weeks and a surplus of tonnage in the Black Sea allowed charterers to maintain their advantage. Grain transportation rates from Ukraine decreased by about $1/MT in both segments — “coasters” and “handy sizes”. Roll reports this to ASAP Agri. As of the end of the week, “coasters”…

Last week alone, shipping costs on the Shanghai-Rotterdam route increased by 25%, and the SCFI index reached its highest level in almost two years.

Market activity in Black Sea ports has somewhat recovered after participants returned from industry events in Greece.

Market activity has fallen due to an industry event in Greece — the number of deals concluded was too small to determine the direction of rates.

Rates for “coasters” have dropped by another $1–2/MT, while the “handysize” segment is still holding its ground.

The Strait of Hormuz is thousands of kilometers from Ukraine, but its crisis is already being felt by Black Sea freight. USM gathered the opinions of Ukrainian experts in the field of shipping and logistics to find out how events in the Middle East affect Ukraine.

Freight rates in the Handysize sector are returning to pre-Middle East crisis levels.