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Weak demand for ships and few cargo orders are keeping freight rates low at Ukrainian ports. Shipowners are holding rates down, and rates from Danube and Chornomorsk ports are largely flat or slightly lower on the week.
Quoted river and sea rates cover routes to Romania, Bulgaria, Greece, Turkey, Israel, China and Vietnam.
Low freight costs from Ukrainian ports lower the delivered cost of Black Sea grain and support export competitiveness. Persistent weakness suggests subdued export demand and few new sales.
ukragroconsult.comAug 30, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
