New export rules in Ukraine are changing the maritime transportation market - Spike Brokers

Published Dec 12, 2024

Tridge summary

The article highlights the uncertainty in the sea transportation market due to new export rules implemented in Ukraine from December 1. Despite the usual increase in demand and prices around this time of year, freight rates have decreased for hand-sized vessels from the ports of Greater Odessa to Italy and Spain. However, rates for barges and coffers for transportation from the Danube ports remain stable. The article provides specific rates for transporting goods from the ports of Izmail and Chornomorsk to different destinations.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the end of the year, there is usually an increase in demand for sea transportation, which leads to an increase in prices. However, the introduction of new export rules in Ukraine from December 1 creates uncertainty and affects the usual market trends. This was emphasized by experts from Spike Brokers. “Freight rates for hand-sized vessels from the ports of Greater Odessa to the east coast of Italy and Spain decreased by $1 on average over the past week. Rates for barges and coffers for transportation from the ports of the Danube remain stable,” the report states. As specified, as of December 11, market transportation rates from the port of Izmail were as follows: - Romania – 9-10 euros (1-3 thousand tons); - the ...

Source: Agravery