Another week on the coaster shipping market is passing without a single note of optimism for ship owners. Particularly this applies to the Azov-Black Sea basin and the Mediterranean Sea . Given the extremely unfavorable conditions in the grain and metallurgical commodity sectors
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
May rental rates for gondola cars hold steady in Ukraine. According to market players, the situation has stabilized after the proper operation of Ukrzaliznytsia’s digital services were recently ensured.
Activity has declined again on the small-tonnage shipping market due to the Labor Day celebrations. The cargo/tonnage imbalance has gotten even sharper, especially in North Europe , as this region accepts a lot of ballasters from the Mediterranean region (mainly these are vessels under 30 years old operated by Turkish owners).
Gondola car rental rate index, €/day*
Dynamics of average mazut prices, $/tonne
The end of Easter holidays has brought virtually no activity boost to the small-tonnage shipping market of the Black and Mediterranean Seas. “We see only a bit more offers, but the number of vessels in spot positions has even increased, especially in BlSea and Marmara,” a Turkish broker commented.
The freight wagon rental market remains generally steady in Baltic countries in April 2025. The rental rates of boxcars with a body capacity of 161-175 cu m and fitting platforms were the only ones that saw some adjustments due to currency fluctuations.
Dynamics of average mazut prices, $/tonne