Growth of cargo traffic is expected in late July


Despite the low grain shipments by sea, freight rates increased on some routes. This fact can be explained by the outflow of free ballasts to the neighboring regions. According to brokers, requests for the supply of agricultural commodities along the transatlantic routes appeared regularly.

Trading activity in Panamax segment in the South Atlantic declined after the sharp increase in rates a week before. The tonnage supply was still limited, which allowed ship owners to dictate their terms, reports UkrAgroConsult.

Despite the beginning of the new grain season, the supply of cargo for July remained low in the Black Sea market. The growth of cargo traffic is expected in late July, and until then the increase in the cost of agricultural products transportation should not be expected.



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