Ukraine: In the direction of Israel and Egypt, the price of ship freight has increased

Maize (Corn)

Ukraine

Supply Chain Management

Market & Price Trends

Published Feb 26, 2024

Tridge summary

Freight rates for corn and wheat transportation from the Danube and Odesa ports have increased in certain directions, including Israel and the Eastern Mediterranean, according to the Ukrainian Grain Association. Meanwhile, the Public Joint-Stock Company 'Ukrainian Danube Shipping' (UDP) reported an income of 1.1 billion hryvnias in 2023 and is preparing to launch barge container caravans on the Middle and Upper Danube as an alternative for carriers facing traffic blockages on the Poland border. The company has also modernized its transshipment and is planning another logistics complex project.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Freight rates both in the river ports of the Danube and in the deep-water ports of Odesa this week have increased in some directions, the Ukrainian Grain Association informs with reference to Atria Brokers. As of February 22, rates for the transportation of 6,000 tons of corn by "burners" from the ports of Reni and Izmail rose in the directions of Israel by $2-4/t — to $41-42/t and the Eastern Mediterranean — by $2/t, to $37-38/ton. Minimum levels to the east coast of Italy increased by $1/t and rates are $41-42/t. Rates to Marmara remained unchanged at $27-28/t, the eastern coast of Greece — $31-32/t, Spain — $46-48/t, Seville — $48-50/t. Freight rates for the transportation of corn by "handysizes" from deep-sea ports to the Mediterranean coast of Egypt increased by $2-3/t — to $32-34/t. The rates in the directions of Italy - to $33-34 / ton and the Mediterranean coast of Spain - to $34-36 / ton increased by $1/t. Freight to Tunisia remained at the level of $37-38/t. The freight ...

Source: Landlord