About past, present and future of Ukraine

Search mobile

Main Business — The chartering of ships from Danube ports continues to decline

Business

The chartering of ships from Danube ports continues to decline

03 Dec, 2023
363
The chartering of ships from Danube ports continues to decline

Share this article

Freight rates for grain transportation from Danube river ports continued to decrease this week, and handysize rates from the ports of Odessa also declined. Meanwhile, the panamax market continued to strengthen.

This is reported by the Ukrainian Grain Association, citing data from the Atria Brokers company.

As of November 30, corn freight rates for coaster vessels (6,000 tons) from the ports of Reni and Izmail to Spain decreased by $4/ton to $41-42/ton. Rates to the Sea of Marmara decreased by $3/ton to $27/ton, to the eastern coast of Greece by $2-3/ton to $30-32/ton. Freight to the eastern Mediterranean, the eastern coast of Italy, and Seville, Spain, dropped by $2/ton to $36-38/ton, $38-40/ton, and $46-48/ton, respectively. Maximum rates to Israel decreased by $2/ton, while minimum rates remained unchanged, resulting in freight to this region being $43-46/ton.

Freight rates for barge transportation to Constanta remained the same as the previous week at €21-22/ton for corn and €40/ton for sunflower seeds.

Freight for corn on handysize vessels decreased by $1/ton, reaching $39-40/ton to the Mediterranean coast of Egypt, $41-42/ton to Italy, $43-44/ton to the Mediterranean coast of Spain, and $44-45/ton to Tunisia.

However, freight rates for corn on panamax vessels from Odessa, Pivdennyi, and Chornomorsk to China increased by $3/ton to $75-78/ton. Rates to the Mediterranean coast of Spain ranged from $45-47/ton. The increase in rates for the transportation of grain on panamax vessels from Ukrainian deep-sea ports was influenced by the strengthening of rates in neighboring segments of the freight market, maintaining competition at a high level, according to experts.

The Odessa Journal

The Odessa Journal

more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...