The return of thousands of players back to their desks after the Istanbul Shipbrokers’ Dinner, as well as the official start of the new grain season in European countries had no impact on the small-tonnage shipping market. With Turkey’s continued ban on wheat imports and low demand from Mediterranean buyers, the cargo offer remains…… Read more »
Rental rates of gondola cars continue sliding down in July. Several operators told us that a large mining plant, part of the Metinvest holding, will be forced to stop production in the near future due to the shortage of electricity and the high price of its import.
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
The Ukrainian Danube Shipping Company has announced another decrease in coaster freight rates for transportation of agricultural products in 3,000 t to 6,000 t lots from the Danube ports in June.
The June rental rates have stayed at the level of May in the Baltic countries. Rental rates for box cars with a body capacity of 161-175 cu m and fitting platforms have changed slightly only due to exchange rate fluctuations.
Gondola car rental rate index, €/day*
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
Despite the return of many players from Posidonia week, activity has not actually perked up on the small-tonnage market of the Black and Mediterranean Seas (apart from a barely noticeable increase in offer of Ukrainian barley and corn for late June dates).