Activity has expectedly declined to a minimum on the small-tonnage shipping markets of the Black, Mediterranean and Azov Seas amid holidays in Muslim countries. Given extremely slow cargo traffic, ship owners are forced to make concessions
The market participants we interviewed expect gondola car rental rates in Ukraine to decline in the coming months as a result of the recent massive shelling of Ukrainian infrastructure.
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
Despite the return of European players from the Easter holidays, the market activity has been very low in the Black, Mediterranean and Baltic Seas. Moreover, owners are increasingly showing rush and desperation as Eid al-Fitr holidays approach. “We see many spot vessels being ready to accept lower rates in order to get fixed before…… Read more »
Rental rates of gondola cars keep growing in April. In particular, this is due to Ukrzaliznytsia’s changes in tariff distances as well as growing freight rates for large-tonnage vessels throughout March.
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
Rental rates remained unchanged in the Baltic countries in March compared with February.
Dynamics of average mazut prices, $/tonne