The small-tonnage market is witnessing another sad week for coaster owners since even timid hopes for a pre-holiday recovery failed. Things are even worse: market activity has shrunk to a minimum all across Europe, with many players already being out for Easter holidays (if not physically, then psychologically for sure).
Gondola car rental rate index, €/day*
Dynamics of average mazut prices, $/tonne
Activity has grown somewhat on the small-tonnage shipping market this week, but only thanks to an upturn in shipments of fertilizers, minerals and steel products from the eastern Mediterranean ports.
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
At the start of the week, the already limited pace of trade shrank to almost minimum in the Mediterranean and Black Seas due to holidays in Turkey and MENA countries. Although the number of spot 2-12k dwt vessels open in the eastern Mediterranean, Marmara and Black Seas has decreased slightly during the week (from…… Read more »
Rental rates for gondola cars keep falling in April. According to one of the operators, suspension of work of the Central Settlement Center (CSC) is the only factor that currently keeps prices above ₴83/day and buoys up the market: the wagons continue to run, but there is no control over their location
In the summer of 2024, Interpipe fixed a vessel on a time-charter basis for the first time in its history. This approach proved to be not only economically feasible but also significantly increased the manageability of logistics, – Oleksiy Yanovsky, Director of Procurement and Logistics at Interpipe, told GMK Center.
Dynamics of average mazut prices, $/tonne