The repeated attack by Russia on the Danube ports has raised freight rates

On the night of August 2, Russia launched a second strike on the port infrastructure of the Danube ports, hitting the port of Izmail. This attack has caused even greater concern among shipowners and led to a more significant increase in freight rates for transporting agricultural products by coasters and barges from the ports of Reni and Izmail. Atria Brokers report this.

As of August 3, 2023, the freight rates for transporting corn and wheat by coasters, 6000 tons, from the ports of Reni and Izmail increased by $7 per ton on the following routes: Eastern Mediterranean - up to $50-52 per ton, Eastern coast of Greece - up to $46-47 per ton, Crete - up to $49-51 per ton, Israel - up to $55-57 per ton. Freight to the Eastern coast of Italy rose by $3 per ton to $53-55 per ton. Rates for transportation to Spain increased by $2 per ton to $58-60 per ton.

Freight rates for transporting rapeseed and barley by coasters, 7000 tons, to the ports of Amsterdam, Rotterdam, Antwerp, and Ghent increased by $3-5 per ton to $85-88 per ton.

Freight rates for transporting sunflower meal by coasters increased by approximately $10 per ton. For granulated products, they reached $53-55 per ton to Marmara, $65-67 per ton to the Eastern coast of Italy, and $70-72 per ton to Spain. The freight rates for non-granulated products increased by $3 per ton.

Freight rates for transporting rapeseed meal by coasters to Spain reached $82 per ton, whereas last week's maximum was $80 per ton.

Freight for transporting rapeseed and barley by barges to Constanta increased by 4 EUR per ton to 47 EUR per ton, wheat and corn - by 2-3 EUR per ton to 40-41 EUR per ton.

Freight for transporting granulated sunflower meal to Constanta increased by 5 EUR per ton to 50 EUR per ton.

It should be noted that amidst widespread concern, some shipowners refused to provide their vessels for the westbound direction to the Danube ports.