Rental rates for gondola cars dropped sharply in September 2024. According to market participants, one of the main reasons for a decrease is Russian troops attacking Pokrovsk – owners and operators of rolling stock are removing the empty wagons which were previously carrying clay from the local stations of Merzalove and Druzhkivka
Gondola car rental rate index, €/day*
Another depressive week is nearing its end on the small-tonnage shipping market. Despite the fact that two months of new grain season have already passed, owners see no benefits from it; Traders are also in a difficult situation as sales of wheat and barley remain extremely weak.
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
The rental rates of freight wagons held generally steady in the Baltic countries in August. The only exception is the range of rental rates of box cars with a body capacity of 161-175 cu m and fitting platforms, as rates were affected by currency fluctuations in those segments.
Still no good news can be seen for ship owners working on the small-tonnage shipping market unless we seriously consider some decline in bunker prices as such. The activity is steadily low in the Black Sea, the Mediterranean Sea and North Europe , echoing major commodity markets.
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
Coaster ship owners are still unable to get freights moving in the Black and Mediterranean Seas. Moreover, many of them have already accepted the fact that activity will remain low and rates will be holding steady in the coming weeks, especially in the Black Sea.