The small-tonnage shipping market remains stagnant. Some traders report increased demand for Ukrainian corn from EU importers, although the Black Sea freight market is not seeing any particular increase in cargo traffic.
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
The small-tonnage shipping market remains depressed, especially in the Black and Mediterranean Seas. The already difficult negotiations have only got more complicated amid growing bid/offer gap.
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
The start of the year did not bring any considerable changes to the gondola car market. According to market participants, the cargo offer shortened, which is quite typical during the January long holiday period when the traffic traditionally declines.
As expected, the small-tonnage shipping market is not seeing any particular trade upturn after Christmas and New Year holidays.
Dynamics of average mazut prices, $/tonne
Starting from January 29 this year, according to the rules of navigation on the Lower Danube, the fine for not having two pilots on board will reach €10,000. Currently, the fee is only €200 (under current conditions, it is more profitable for ship owners to pay the fine and not stop the vessel to…… Read more »