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
Gondola car rental rate index, €/day*
Market insiders explain the increase in gondola car rental rates in November by strengthened demand for such rolling stock from those who need to transport steel products to the ports of Greater Odesa.
Dynamics of average mazut prices, $/tonne
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.