Similar to the past few weeks, North Europe is the only region where small-tonnage owners are feeling the taste of approaching holidays and the traditional pre-holiday excitement (although not as high as usual). Limited spot tonnage list and persistent weather problems allowed owners to raise freight rates by another €0.5-1/t.
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
In a couple of weeks before the start of Christmas holidays, the Baltic Sea shipping market remains the only one showing some positive developments for owners. Demand for tonnage continues to grow in the area due to gradually increasing cargo offer for mid-December laycans.
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
Rental rates of gondola cars hold largely steady in December 2024, although some operators have adjusted the rates within the actual range. Market players are pinning hopes that rates will remain stable in January, but seasonal factors should be taken into account
Despite the upcoming holidays, only the North European small-tonnage market is showing some signs of a traditional pre-Christmas rally. Spot cargo offer is gradually increasing in the region, while brisker shipments of contract cargoes are also taking part of tonnage from the market.
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*