Another depressive week is nearing its end on the small-tonnage shipping market. Despite the fact that two months of new grain season have already passed, owners see no benefits from it; Traders are also in a difficult situation as sales of wheat and barley remain extremely weak.
Caspit Group of Companies (Serbia, fertilizer producer and trader) is completing the potash supply season by unloading the last batch of 2,800 tons at the Orlivka terminal. The supplies were made from Dehkanabad Potash Plant, located in southern Uzbekistan.
Dynamics of average mazut prices, $/tonne
Still no good news can be seen for ship owners working on the small-tonnage shipping market unless we seriously consider some decline in bunker prices as such. The activity is steadily low in the Black Sea, the Mediterranean Sea and North Europe , echoing major commodity markets.
Dynamics of average mazut prices, $/tonne
Coaster ship owners are still unable to get freights moving in the Black and Mediterranean Seas. Moreover, many of them have already accepted the fact that activity will remain low and rates will be holding steady in the coming weeks, especially in the Black Sea.
The port of Gdansk handled a total of 38.1 million t of cargo in the period from January 1 to June 30, 2024. The lion’s share fell on liquid fuel (53%) as well as general cargoes, mostly containerized ones.
The stevedoring companies of the Ventspils Freeport handled a total of 625,000 t of goods of various types in July, up 44% or 192,000 t compared with June. Such a rapid monthly increase is owing to a 83% or 146,000 t surge in transshipment of liquid cargo to 323,000 t