According to Pavel Lysenko, analyst with ASAP Agri, Freight broker with Atria Brokers, this week, trading activity has slowed slightly amid volatility in prices on the commodity market. Consequently, the volume of fresh grain cargo orders from Ukrainian ports has decreased somewhat, while owners’ sentiment remains bullish. As a result, fixing activity is limited due to a considerable bid/offer gap. However, Coaster owners have still managed to push rates up further, given the limited availability of corresponding tonnage for late October - early November dates.
According to Atria Brokers’ freight
department, Panamax rates for corn or wheat shipments from POC ports to South
China are at 46 USD/MT.
In the Handysize segment, rates for vessels carrying corn from POC ports to East Coast Italy have softened by 1 USD/MT to 23-25 USD/MT.
Coaster rates rose by 1 USD/MT across all routes this week. Freight from Ukrainian Danube ports to East Coast Italy climbed to 35-37 USD/MT.
Barge rates are unchanged, with corn from Reni or Izmail to Constanta at 9-10 EUR/MT.
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