Holidays reduced freight rates for grain transportation from Ukraine

Published 2024년 12월 30일

Tridge summary

The article highlights a decrease in freight rates for panamaxes and handysizes vessels, while rates for coffers and barges remain stable. This trend is part of a seasonal pattern due to limited loading opportunities caused by low trading activity. Specifically, the rate for panamaxes transporting corn or wheat from Odessa to southern China has decreased by 3 USD/t, now at 36-37 USD/t. Similarly, the rate for handysizes transporting corn from Odessa to the east coast of Italy has decreased by 1 USD/t, now at 16-17 USD/t. However, the rate for barge transportation from Ukrainian Danube ports to the eastern coast of Italy remains stable at 27-29 USD/t.

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Original content

Last week, a clear downward trend was observed in the segments of panamaxes and handysizes, while rates for coffers and barges remain unchanged. According to Pavlo Lysenko, an analyst at ASAP Agri and freight broker at Atria Brokers, the situation on the freight market corresponds to a typical seasonal trend: loading opportunities are limited due to minimal trading activity, which forces shipowners to agree to charterers' rates in order to avoid downtime. Thus, according to the freight department of Atria Brokers, rates for panamaxes for the transportation of corn or wheat from the deep-water ports of Odessa to southern China decreased by 3 USD/t and are 36-37 USD/t. Rates for handysizes for the transportation of corn from the deep-water ports of Odessa to the east coast of Italy decreased by 1 ...

Source: Agroconf