In early summer freight rates for grain transportation from Ukraine have largely found its bottom. The charterers of the coaster fleet keep pushing the market down but succeed quite positionally: fixtures can be done by -1 USD/MT max and only in terms of short-haul trips to Turkey, Greece or East Med ports. Meanwhile, In the Handysize and the barges segments freight rates stay completely at last-done levels.

The freight of coaster with corn from Ukrainian Danube ports to Marmara and East Greece has sagged by only 1 USD/MT to 15-16 USD/MT and 19-20 USD/MT respectively. The same negative dynamic is seen in terms of East Med destination: corresponding rates have decreased by 1 USD/MT to 20-22 USD/MT. Meanwhile, the transportation costs of the same cargo lot to Israel stay at 25-26 USD/MT. Towards East Coast Italy ports freight rates are 26-27 USD/MT. In terms of Spain Med destination freight of the coaster has anchored at 29-30 USD/MT.

Details about freight rates for handysize vessels and barges you can find in ASAP Agri Weekly Freight Report for the UGA at their website in News section and Freight rates section