Handling of grain wagons at Ukraine’s sea ports
About 8,200 wagons with grain were found waiting for unloading at Ukrainian sea ports on January 11, 2024. Taking into account that approximately 1,200 wagons per day are accepted at the stations
Waterborne shipments
KN: company’s strategic changes
Since January 10, the international operator of energy terminals SC Klaipėdos nafta has been operating under the new legal name SC KN Energies, which reflects strategic changes in the company (the long-term strategy was approved in the summer of 2023) and focus on international markets.
Actual situation with navigation in Sulina and Bystre Canals
As of January 16, there were about 35 vessels at the Sulina and Bystre canals waiting to go west to the Danube ports (four each to Izmail and Reni, and one to Giurgiulesti). The average waiting time for westbound and eastbound calls ranges from one to three days.
New FSRU Alexandroupolis LNG terminal to be integrated into TAP system
In January 2024, a floating LNG terminal – FSRU Alexandroupolis – with an annual liquefied gas transshipment capacity of 5.5 bcm is to be connected to the 28 km long subsea and onshore high-pressure gas pipeline, which will allow feeding raw materials into the Greek gas transmission system and further to end consumers in…… Read more »
Port of Klaipeda cargo turnover in December
The cargo turnover dropped by 230,000 t to 3.4 million t at the Port of Klaipeda in December compared with November. In particular, Klaipeda State Seaport reports a 132,000 t plunge in December transshipment volume to 2.7 million t. Handling of crude oil dropped by 98,000 t to 692,000 t at the Butinge terminal.
Freight indices // Week 2
The small-tonnage freight market remains under pressure, which, however, is quite expected: in the last 10 years, ship owners managed to prevent the rate decline in January-February only in 2021. Despite the return of all players from holidays, the market activity remains low; this applies even to shipments of Ukrainian grain.
Liberty Galati modernizing its Danube port Romportmet Galati
Romanian steelmaker LIBERTY Galati (a subsidiary of the UK-based LIBERTY Steel Group) plans to modernize its Romportmet Galati port to increase its throughput capacity.
Up to 15 mmt of goods carried from Greater Odesa ports through temporary corridor in five months
Since August 8, as many as 469 ships have passed through the temporary corridor of the Naval Forces of the Armed Forces of Ukraine open for vessels heading to/from the Black Sea seaports of Ukraine. A total of 15 million t of cargo were shipped from the ports of Pivdennyi, Odesa and Chornomorsk, including…… Read more »
Bunker fuel prices // Week 1
Dynamics of average mazut prices, $/tonne
Freight indices // Week 52, 2023 – week 1, 2024
Activity remains minimal on the small-tonnage freight market, which is quite traditional for the very beginning of January. Thus, the 1H-mid January tonnage list is gradually growing in the Black and Mediterranean Seas, with only Ukrainian grains being relatively actively offered among all the cargoes.