The small-tonnage freight market is falling rapidly in the Azov-Black Sea basin and the Mediterranean region in early May. Most players agree that this collapse is a result of decreased demand for grain cargoes from Turkey after the implementation of duties.
Grain exports from Great Odesa ports, thousand tonnes*
Dynamics of average mazut prices, $/tonne
The cargo turnover dropped to 8 million tonnes at the port of Klaipeda in January-March 2023, down 18% year-on-year.
Ukrainian Danube Shipping Company (UDP) is currently taking steps towards resuming seaborne freight transportation.
PJSC Ukrainian Danube Shipping Company has begun work on returning to sea freight transportation.
Grain exports from Great Odesa ports, thousand tonnes*
On April 25, SOCAR’s office in Bulgaria was opened in Sofia and a Memorandum of Understanding was signed on the development of cooperation between the gas transmission system operators Bulgartransgaz (Bulgaria), Transgaz (Romania), FGSZ (Hungary), Eustream (Slovakia) and the State Oil Company of Azerbaijan SOCAR.
In late April, the downtrend continues on the small-tonnage market, primarily amid the shortage of fresh grain and steel offers for transportation from the Black Sea and Mediterranean ports.
RISOIL Group has successfully tested the equipment of a double-sided pier capable of handling ships with a draft of up to 15 meters in the port of Chernomorsk.