The growth of the large-tonnage market, worsening weather conditions and a slight increase in grain and fertilizer shipments failed to help small-tonnage owners to raise freight rates at least slightly in the Black and Mediterranean Seas. The fact is that the regional vessel list remains excessive.
Gondola car rental rate index, €/day*
Dynamics of average mazut prices, $/tonne
Dynamics of average mazut prices, $/tonne
Small-tonnage ship owners have not managed to raise rates significantly in the Black Sea even despite noticeable weather deterioration in the northern part of the region (which led to accidents during the weekend, including tragic ones) and a large number of delays.
Gondola car rental rate index, €/day*
Almost all November rental rates have stayed at the level of October in the Baltic countries. The adjustments in some rental rates are due to currency fluctuations.
From January 1, 2024, the Port of Duisburg (duisport/Duisburger Hafen AG) is introducing a new gateway tariff for rail freight transportation in combined transport.
Negative sentiment continues to dominate the small-tonnage shipping markets of the Black and Mediterranean Seas due to persisting noticeable tonnage surplus. However, ship owners have finally managed to stop the decline in rates ex Danube ports, as well as ex Black Sea ports of EU, Turkey and Russia.
Dynamics of average mazut prices, $/tonne