Bunker fuel prices // Week 11
Dynamics of average mazut prices, $/tonne
Waterborne shipments
Kernel starts cooperation with Israeli fertilizer producer
Ihor Stelmashchuk, Deputy Director of Agribusiness for Commercial Activities at Kernel, and Artem Rosliakov, Head of Marketing and Sales in Eastern Europe at ICL Group, have signed a memorandum of cooperation between the companies.
Up to 30 mmt of goods moved from Greater Odesa ports through temporary corridor
Since 8 August 2023, when the Navy of the Ukrainian Armed Forces launched a temporary corridor for vessels heading to/from the Ukraine’s Black Sea ports, a total of 1,005 vessels have sailed along this route.
Liepaja SEZ cargo turnover in February 2024
The stevedoring companies of the Liepaja SEZ all together handled about 624,000 t of various types of cargo in February (down 10% month-on-month or 69,000 t from January).
Riga Freeport cargo turnover in February 2024
The Riga Freeport announced a 299,000 t slump in the February transshipment to 1.4 million t compared with January.
Port of Klaipeda cargo turnover in February 2024
The cargo turnover dropped by 876,000 t to 3.2 million t at the port of Klaipeda in February. In particular, the Klaipeda State Seaport reported a decrease of 500,000 t to 2.6 million t in the overall transshipment volume in February compared with January, while the handling volume sagged by 376,000 t to 590,000…… Read more »
Freight indices // Week 10
Owners of small-tonnage vessels are still struggling from shortage of spot cargo offers, which has even sharpened somewhat this week both in the Black and Mediterranean Seas. However, the depressed sentiment was quite expected given the start of Ramadan in Muslim countries as well as the ongoing decline in export quotes for most of…… Read more »
Bunker fuel prices // Week 10
Dynamics of average mazut prices, $/tonne
Grain exports from Ukraine in MY 2023/2024
Since the beginning of the current marketing year started July 1,2023 and up to February 29, 2024, a total of 34.1 million t of grain and legumes were exported from Ukraine (down 13% year-on-year). In particular, Ukraine exported 15.2 million t of corn (down 18% year-on-year)
Freight indices // Week 9
The North European market is now the only area looking relatively optimistic for coaster owners. This week, shipments of timber cargoes have even perked up in the region, while requests for grain and steel transportation from EU ports regularly enter the market.