According to Pavel Lysenko, analyst with ASAP Agri, freight broker with Atria Brokers, the freight market remains challenging for owners operating in the Black Sea region across all DWT sectors. Panamax owners continue to face a severe shortage of grain stems from Ukraine. Meanwhile, although cargo flow in the Handysize and Coaster segments remains relatively stable, owners still struggle to push rates up from rock-bottom levels as tonnage supply still exceeds demand. Moreover, this week, Coaster freight rates have declined even further, worsening an already extremely weak TCE for small-tonnage owners.

Thus, Atria Brokers’ freight department estimates current Panamax freight rates from POC ports to South China at approximately 33-35 USD/MT, down 1 USD/MT from the last done levels.

Handysize rates for corn shipments from POC ports to East Coast Italy are quoted by Atria Brokers at 16 USD/MT.

In the Coaster segment, freight rates for shipments of 6,000t of corn from Ukrainian Danube ports to Coast Italy have edged down by 1 USD/MT to 25-27 USD/MT.

Freight rates for corn transportation by barges from Reni or Izmail to Constanta stand at 8-9 EUR/MT.

Subscribe to ASAP Weekly Premium to get the full overview of Ukrainian freight market: https://asapagri.com/premium