The gradual reduction in grain export volumes from Ukraine due to small stocks led to a decrease in rates for transportation by water transport.
This trend was noted by experts from Spike Brokers.
As specified, freight rates for coasters fell by $1-3 per ton in all directions over the past week.
The shortage of cargo also influenced the reduction in the cost of freight on barges. Thus, to Constanta (Romania) you can transport cargo by river for 10 euros per ton. To Ruse/Silistra (Bulgaria) the cost of freight dropped to 16 euros per ton.
Freight for Panamax shipments from the ports of Greater Odessa to Southern China and Vietnam also decreased by $1–2 per ton. As for handy sizes, the situation is stable. Rates to the eastern Mediterranean fell by $2 per ton. While freight costs towards eastern Italy remained stable.
Experts also added that market rates for transportation by river transport as of May 6 were as follows:
- Izmail – Constanta, Romania – 10-11 euros (1-3 thousand tons);
- Izmail – Ruse/Silistra (Bulgaria) – 15-16 euros (1-3 thousand tons);
- Izmail – Israel – $31-32 (5-7 thousand tons);
- Reni – Marmara (Türkiye) – $18-19 (5-7 thousand tons).
From the port of Chernomorsk the indicated rates are as follows:
- Tunisia – $34-35 (30-35 thousand tons);
- Eastern Mediterranean – $25-26 (30-35 thousand tons);
- China – $54-56 (60-65 thousand tons).