News

The attack on a civilian ship stopped the reduction of freight rates in the ports of Odessa, Ukraine

Maize (Corn)
Published Nov 14, 2023

Tridge summary

Russia's missile attack on the port infrastructure in the Odesa region has caused concern about the security situation in the ports. The attack resulted in damage to a civilian ship and has halted the decrease in freight rates for grain transportation from the deep-sea ports of the Odesa region. Ukraine has developed an alternative plan for exporting agricultural products in case the grain corridor is sabotaged by Russia.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On November 8, Russia launched a missile attack on the Odesa region's port infrastructure, hitting a Liberian-flagged civilian ship. The missile attack on the port infrastructure of Odesa region, which resulted in damage to a civilian ship, caused a new wave of concern about the security situation in the ports, reports the Ukrainian Grain Association with reference to Atria Brokers data. As a result of the attack, the situation on the freight market as of the end of the week was uncertain, and the decrease in freight rates for the transportation of grain from the deep-sea ports of the Odesa region, which was observed during the past weeks, stopped, analysts noted. Follow the news in a convenient format: Follow us on Twitter As of November 10, the freight for the transportation of corn by hand sizes in key directions remained at the level of last week: to Israel and the east coast of Italy — $45-46/t, to the eastern Mediterranean — $43-45/t, to the Mediterranean coast of Spain — ...
Source: Landlord
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