Ukraine has resumed navigation through the Bystre Estuary

As of today, August 6, navigation through the Bystre Canal has officially resumed – vessels with a draft of up to 4.5 meters have been allowed to pass.

This is reported by ASAP Agri.

“This decision should reduce disbursement costs for shipowners and support negotiations on freight from the Danube by narrowing the spread between shipowners’ and charterers’ rates,” said Pavlo Lysenko, an analyst at ASAP Agri and a freight broker at Atria Brokers.

Recall that the canal was temporarily closed after a dredger explosion near Vylkovo on July 23. During this period, vessels were forced to use the Sulina Canal.

“Faced with higher costs for passage through Sulina, many shipowners increased their freight ideas for transportation from the Danube to compensate for losses,” Lysenko explained. “However, for charterers, such levels were unacceptable, which led to a significant gap in the parties’ expectations and minimal activity in concluding deals.”

With the resumption of the Bystre Canal, market participants expect a partial revival of Danube freight flows due to more balanced negotiation conditions.

Earlier it became known that three people died on the USPA vessel due to an explosion.