Stevedoring companies operating at the Liepaja SEZ handled a total of 556,000 t of cargo in August 2025, thus exceeding the July transshipment volume by 76,000 t. Note that the cargo turnover increased in all product groups.
The small-tonnage market picture is slowly improving. Thus, a slight increase in tonnage demand allowed owners to raise rates within $0.5-1/t on most routes ex Black Sea ports, while Azov Sea rates have stabilized after a slight rollback and even started to grow again.
The cargo turnover increased by 607,000 t to 4.25 million t at the port of Klaipeda in August 2025 compared with July 2025. This is due to improved transshipment by the Klaipeda State Seaport (up 22% month-on-month or 599,000 t to 3.4 million t).
Oleksii Kuleba, Ukraine’s Minister for Communities and Territories Development, has signed a decree establishing a tender commission to conduct an international procedure for the concession of the Chornomorsk port. This is the first public-private partnership project in the port sector during a full-scale war.
Dynamics of average mazut prices, $/tonne
In contrast to the large-tonnage shipping sector (which can definitely be called dynamic, although not hot), the small-tonnage seagoing market remains slow, with minimal rate fluctuations. Moreover, the number of 2-12k dwt vessels open in the Black , Marmara and Aegean Seas, as well as in the eastern Mediterranean has increased by almost 10%…… Read more »
Dynamics of average mazut prices, $/tonne
The cargo turnover did not change much in July 2025 at the Ventspils Freeport. In particular, the stevedoring companies altogether handled approximately 503,000 t of cargo, a minor 4% or 20,000 t increase from June 2025.
Despite all attempts, small-tonnage owners have not managed to achieve any noticeable rate upturn yet, unless we consider a $0.25-0.5/t correction in the Black Sea as such. The fact is that cargo offer remains frankly poor in the Black Sea and in all parts of the Mediterranean region.
Bilhorod-Dnistrovskyi Sea Trade Port and Batumi International Container Terminal LLC (BICT) have signed a memorandum of cooperation in the development of the Middle Corridor (or Trans-Caspian International Transport Route / TITR).