Rental rates remained unchanged in the Baltic countries in April compared with March. The changes in rental rates for box cars with a body capacity of 161-175 cu m were only caused by currency fluctuations.
Gondola car rental rate index, €/day*
The situation for small-tonnage owners working in the Black and Mediterranean Seas has worsened significantly after April 22. Now it can for sure be called critical. An already weak cargo flow has shrunk noticeably. This primarily applies to shipments of Ukrainian grain from the Danube ports.
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
Activity has expectedly increased on the Azov, Black Sea and Mediterranean small-tonnage shipping markets after the holidays in Muslim countries. This week, players note increased offer of Egyptian fertilizers, Ukrainian, Russian and EU grains, as well as Turkish steel products.
Gondola car rental rate index, €/day*
Dynamics of average mazut prices, $/tonne
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.