freight rates

Although freight rates were expected to rise sharply after the October 8 attack, this has not happened as market players consider all possible risks.

Statistics of the Danube Commission indicate a steady decline in cargo handling by Danube ports. This was stated by the Deputy Director of Economics and Finance of “Ukrainian Danube Shipping” Vladyslav Bielakh in an interview with Latifundist. According to him, the river transportation market is in a deep crisis. The main problem is freight rates,…

Currently, there is a moderately weak demand for grain from Ukraine on the Black Sea market.Currently, there is a moderately weak demand for grain from Ukraine on the Black Sea market.

According to the results of June, the freight rates fell again for the sea transportation of agricultural products by “coasters” from the Danube ports (3-6 thousand ton consignments).

Charterers are keeping the market low due to a large supply of free tonnage.

Black Sea freight rates for vessels in the “handysize” and “coaster” segments have stabilized.

At the same time, freight rates from the ports of Great Odesa in key directions have slightly decreased.

As of the beginning of April, 1,471 million tons of grain, oil and processed products were exported by water transport and planned for shipment.

Attacks by the invaders on the port infrastructure of Odesa last week led to a break in export shipments.

Freight rates have increased in the segments of “coaster” from the Danube and “panamax” from the ports of Great Odesa.