Gondola car rental rates have been growing in December. Market participants explain this by active shipments of iron ore. Thus, iron ore exports reached 2.3 million t in November, up 20% month-on-month. In particular, iron ore shipments to seaports surged by 66% month-on-month to 1.3 million t.
Gondola car rental rate index, €/day*
Gondola car rental rate index, €/day*
Gondola car rental rate index, €/day*
Almost all November rental rates have stayed at the level of October in the Baltic countries. The adjustments in some rental rates are due to currency fluctuations.
Gondola car rental rate index, €/day*
Market insiders explain the increase in gondola car rental rates in November by strengthened demand for such rolling stock from those who need to transport steel products to the ports of Greater Odesa.
Gondola car rental rate index, €/day*
Gondola car rental rate index, €/day*
In October, almost all rental rates in the Baltic countries have stayed at the level of September, with flatcars for timber transportation being the only exception (rental rates inched up in this segment). The changes in flatcar rental rates can still be explained by fluctuations of the currency exchange rate.