In general, ship owners have not managed to raise rates in the Black and Mediterranean Seas yet despite the gradual increase in grain offer for shipments from Ukraine. The list of main problems still includes weak support from other traditionally important cargo flows (European grain, North African fertilizers, Turkish and Russian steel products)
The Riga Freeport cargo turnover increased by 80,000 t to 1.35 million t in August compared with July.
The Liepaja SEZ cargo turnover did not change much in August compared with July. The stevedoring companies of the port processed a total of 526,000 t of goods, up insignificant 1% or 5,000 t over the month.
About 10 vessels are standing at the roadstead of the Sulina and Bystre canals as of September 17, waiting to sail to the Danube ports, with 15 ships waiting to head for Ukrainian seaports.
Dynamics of average mazut prices, $/tonne
NIBULON has shipped the second 63,000 t consignment of Ukrainian wheat to Egypt under the agreement with GASC.
This week has finally brought at least some positive features to the small-tonnage shipping market. In a different situation, market participants would hardly pay serious attention to these improvements (5-7 fresh requests – even in one direction – are usually not supernatural for the peak of the grain season).
Dynamics of average mazut prices, $/tonne
International energy terminal operator KN Energies has extended for another five years the strategic partnership agreement with Polish energy company ORLEN on the use of the Klaipeda liquefied natural gas (LNG) transshipment station.
In order to optimize its logistics, Interpipe has chartered a vessel for sea transportation for the first time (time-charter basis) instead of using traditional freight.