According to Pavel Lysenko, analyst with ASAP Agri, approaching mid-April, there are still no positive shifts for shipowners operating in the Black Sea. The Handysize segment remains stable, while coaster rates have adjusted lower on short-haul routes from Ukraine due to reduced cargo availability.

Speaking of the Panamax segment, Atria Brokers’ freight department assesses freight for a Panamax lot of corn from Ukrainian deep-water ports to South China at 34–35 USD/MT,  up by 1 USD/MT compared to last week.

In the Handysize segment, freight for a 30,000t corn shipment from Ukrainian deep-water ports to East Coast Italy holds steady at 16–17 USD/MT.

In the Coaster sector, freight for a 6,000t corn shipment from Ukrainian Danube ports to East Coast Italy is estimated at 29–31 USD/MT (up 1 USD/MT week-on-week).

Meanwhile, barge freight remains at the bottom, with rates at 8–9 EUR/MT for 1,000–3,000 t of corn from Izmail or Reni to Constanta.

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