freight rates

Tariffs for Coaster and Handysize shipments decreased slightly, while Panamax rates remained unchanged.

In turn, the decrease in chartering activity caused price fluctuations on the commodity market.

An active demand for the shipment of grain for export led to an increase in the freight rates of “coasters from the ports of Great Odesa.

This situation on the market is facilitated by the fact that the amount of available tonnage is decreasing in the Black Sea-Mediterranean region.

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.