Bunker fuel prices // Week 25
Dynamics of average mazut prices, $/tonne
Waterborne shipments
Turkey to raise fee for passage through Bosphorus and Dardanelles by 15% starting 1 July 2025
Turkey’s Minister of Transport and Infrastructure Abdulkadir Uraloglu has announced another increase in fees for vessels passing non-stop under the Montreux Convention through the Istanbul (Bosporus) and Canakkale (Dardanelles) Straits.
Port of Gdansk: Baltic Hub officially opens T3 terminal
According to Baltic Hub (PSA Group), the official opening of the T3 terminal took place in the port of Gdansk (Poland) on June 6. Transshipment is already underway there as part of the start-up phase. Loading and unloading operations have been tested since March 21 (according to the temporary traffic management map).
Freight indices // Week 24
The situation remains discouraging for small-tonnage owners even after the end of holidays in Muslim countries. Despite an almost 10% decline in spot tonnage list seen in the Black and Mediterranean Seas during the week, owners have failed to benefit from it given the total shortage of firm cargo offers.
Bunker fuel prices // Week 24
Dynamics of average mazut prices, $/tonne
Riga Freeport cargo turnover in May 2025
Riga Freeport handled almost 1.3 million t of cargo of various types in May, which was 42,000 t below transshipment in April.
Liepaja SEZ cargo turnover in May 2025
The cargo turnover at Liepaja SEZ remained almost unchanged in May compared with April. Port operators all together processed approximately 641,000 t of cargo, down 35,000 t from April.
Port of Klaipeda cargo turnover in May 2025
May cargo turnover of the port of Klaipeda exceeded the April figure by 5% month-on-moth or 188,000 t and reached almost 4 million t. The Klaipeda State Seaport stepped up transshipment by 115,000 t to 3.2 million t, while the cargo turnover at the Butinge terminal increased by 73,000 t to 772,000 t.
Construction of new oil terminal approved in Gdansk
The joint infrastructure project of Naftoport and the Gdansk Seaport Authority has received an official construction permit – the relevant decision was approved by the Pomeranian Voivodeship on May 29, 2025.
Freight indices // Week 23
The small-tonnage shipping market is still waiting for the new grain season. The vast majority of operators are only thinking about how to minimise losses and hold out until the market picture normalizes.