freight rates

Shipowners almost do not consider flights from the ports of Great Odesa, while the prices of boats from the Danube continue to rise sharply.

The increase in freight rates in the Black Sea is associated with an increase in insurance, fuel and operating costs, as well as risks for crews.

The number of “handysizes” and “supramaxes” ready to enter the ports of the Great Odesa region has fallen to a minimum after repeated attacks on merchant shipping.

Ukrainian grain traders are still hardly investing in their own vessels, which is exacerbating the crisis caused by Russian strikes on ports.

The cost of transporting cargo by barge from the Ukrainian Danube ports of Reni and Izmail to Constanta, Romania, has almost doubled since the beginning of July, to about $28 per ton.

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.