Freight rates from Danube ports are rising due to shelling
Freight rates for grain transportation by coaster vessels from the Danube ports developed in various directions this week, but the overall trend was an increase. The availability of vessels remained limited.
This information was reported by the Ukrainian Grain Association, citing Atria Brokers.
It's noted that over the past five days, Russia has attacked Danube ports four times with drones, causing damage and disruptions to port infrastructure. The aggressor's attacks maintain high risks in the region.
As of September 7, 2023, freight rates for corn transportation by coasters from the ports of Reni and Izmail to Spain increased the most, by 2-4 $/mt, reaching 72-75 $/mt. Minimum rates in the Mediterranean increased by 2 $/mt to 60 $/mt, while maximum rates remained at last week's level, 62 $/mt. On the other hand, freight to Marmara decreased by 1-2 $/mt to 43-45 $/mt.
Freight rates for corn transportation by barges from the ports of Reni and Izmail to Constanta were 43 €/mt.
The freight rate for transporting granulated sunflower meal by barges to Constanta was 50 €/mt.