After a surge of activity and rising freight rates seen in the Mediterranean and, particularly, in the Black Sea in 1H October, the market has started to cool down this week. “We see even some slowdown of activity from Black Sea this week, maybe because of extremely bullish ideas from owners, making many charterers…… Read more »
Dynamics of average mazut prices, $/tonne
According to Dmytro Moskalenko, CEO of Ukrainian Danube Shipping Company, the first modernized ship, Captain Antipov, is on its way from Austria to Serbia, where it plans to take its first cargo.
The overall cargo turnover dropped by 73,000 t to 508,000 t at the Ventspils Freeport in September compared with August.
The small-tonnage market activity continues to grow, primarily in the Black Sea, where Ukrainian grain remains the driver. The fact that ship owners increasingly refuse to call the ports of Big Odessa due to Russian missile attacks is an additional challenge for charterers from Ukraine.