Freight rates for Panamax lots of grain increased in Black Sea region

17.08.2016

In the Black Sea region freight rates for large grain lots increased last week. Meanwhile, in the Handy segment rates remained unchanged.

Freight rates also changed in the coaster segment. Information service "Promyshlennye gruzy" noted some increase in strife between shipowners and shippers. On the one hand, quite high grain exports from Ukraine allowed carriers to raise rate ideas. On the other hand, still there is great number of free tonnage, particularly 4-7 KMT deadweight in the region. Moreover, according to ship owners, the same offers arrived from different brokers, which created a false impression of an active spot market. As before, vessels with 10 KMT deadweight remained in demand.

More information on freight market is available to subscribers for weekly market report "Black Sea Grain & Oil" by UkrAgroConsult.

 

 

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