The small-tonnage market remains depressed in the Black and Mediterranean Seas. Amid ongoing shortage of cargo offers (in particular, of grain from Ukrainian and EU ports, steel products from Russia, as well as of fertilizers, minerals and steel products from Turkey), the tonnage list continues to grow in all parts of the basin.
Gondola car rental rate index, €/day*
Despite the start of traditionally active November, the situation is only getting worse for small-tonnage owners working in the Black and Mediterranean Seas (this lasts for the third week in a row). The cargo traffic from the ports of EU countries, Turkey and North Africa not only does not grow, but has even slowed…… Read more »
Dynamics of average mazut prices, $/tonne
LDZ Cargo has announced that it is now leasing 29 19-752 grain hoppers currently located in Ukraine.
Gondola car rental rate index, €/day*
Dynamics of average mazut prices, $/tonne
Despite the fact that the period of late October-early November is traditionally the start of the hottest season on the small-tonnage shipping market, no improvements for ship owners can be mentioned so far.
In October, almost all rental rates in the Baltic countries have stayed at the level of September, with flatcars for timber transportation being the only exception (rental rates inched up in this segment). The changes in flatcar rental rates can still be explained by fluctuations of the currency exchange rate.
Gondola car rental rate index, €/day*