Miller Magazine Issue: 145 January 2022

64 COVER STORY MILLER / january 2022 Ones upon June 2021 coaster freights went crazy and started developing outside of traditional borders. Dinosaur era of 18 USD coaster freight from Ukrainian shallow ports to Marmara was completely over. Spot freight era took place, taking with itself few changes in trading conditions. Normally, freight to Marmara is a point of reference for freight to other destinations, working like a calculator. Contrary to decrease of handy and panamax size freights in November-December 2021, coaster rates contin- ued keeping at historic highs. And as of start 2022 the coaster freight formula for 6 KMT vessels of wheat/corn looks $45 for Berdyansk - Marmara, +$3 to Izmir, +$10 to East Med, +$12 to Egypt Med, +$15 to East Coast Italy. Frightful freight math 2021: Changing grain trading terms Christina Serebryakova Head of Analytical Department &Agricultural Commodities Broker