Positive trends continue to dominate the small-tonnage shipping market, primarily in the Black Sea , where exports of Ukrainian grain are gaining pace. Note that the number of available vessels of up to 6k dwt is quite sufficient, while the shortage of 6-12k dwt fleet keeps getting more acute, with the situation in the…… Read more »
Rental rates of gondola cars started going up in October. In particular, with the lowest rates holding steady, both average and higher rental rates show an increase.
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
The start of October has seen increased activity and freight rates in most segments of the small-tonnage shipping market. As expected, grain is the growth driver in the Black and Azov Seas, with the market receiving increasing support from Ukrainian corn, which is gradually beginning to flood the market.
Gondola car rental rate index, €/day*
Dynamics of average mazut prices, $/tonne
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
The small-tonnage shipping market is showing positive trends in all major segments, although current growth rates in the seagoing sector are clearly lower than what we are used to seeing in 2H September.