The construction of the new Baltic Hub T3 Terminal is underway in the port of Gdansk, with 70% of the work completed. A vessel with four STS (Ship-to-Shore) cranes has recently arrived at the terminal’s berth, and the cranes will become part of the transshipment infrastructure.
Dynamics of average mazut prices, $/tonne
The operators of the Riga Freeport all together handled a total of 1.5 million t of cargo in October 2024, falling behind the September turnover by 7% (or down 115,000 t).
Unfavorable conditions seen on the commodity grain market, namely the ongoing decline in CIF quotes amid high domestic prices in Ukraine and EU countries, are putting strong pressure on the small-tonnage freight market of the Black and Mediterranean Seas.
The cargo turnover dropped to 3.9 million t at the port of Klaipeda in October, showing a 349,000 t decrease compared with September due to poorer performance both at the Klaipeda State Seaport (down 255,000 t to 3.3 million t) and the Butinge terminal (down 93,000 t to 594,000 t).
Dynamics of average mazut prices, $/tonne
As part of a partnership project with OKKO, Agrotrade has successfully shipped 24,400 tons of rapeseed from Odesa to Ghent (Belgium). Half of the batch, about 12,000 tons, is the grain grown on the fields of Agrotrade Group this year, while the rest belongs to partners.
Liepaja SEZ announced that the October cargo turnover reached the highest result compared with any other month this year. Thus, port operators handled 706,000 t of cargo, up 42% or 209,000 t vs. September.
The October growth of cargo traffic and rates has turned out to be very short-lived on the small-tonnage market. To be fair, however, not many ship owners were expecting this upturn at all, considering the situation in main commodity markets of Europe and North Africa.
Dynamics of average mazut prices, $/tonne