Coaster ship owners are still unable to get freights moving in the Black and Mediterranean Seas. Moreover, many of them have already accepted the fact that activity will remain low and rates will be holding steady in the coming weeks, especially in the Black Sea.
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
The small-tonnage market remains depressed in the Black and Mediterranean Seas. In the last couple of weeks, ship owners managed to achieve a barely noticeable rate upturn only for shipments from Ukraine ($0.25-0.5/t up), which is quite far from what they expected more than a month after the start of the grain season.
There is a downtrend on the rental market of gondola cars primarily due to decreased offer of cargoes. Some operators forecast the rates to fall to ₴333-375/day in September (VAT excluding).
Dynamics of average mazut prices, $/tonne
Gondola car rental rate index, €/day*
Rental rates have held steady in the Baltic countries in July 2024. Only the rental rates of box cars with a body capacity of 161-175 cu m and fitting flat cars have changed insignificantly due to currency fluctuations.
UZ Cargo Poland, a subsidiary of Ukrzaliznytsia, has announced changes to the August tariffs for transportation on its major routes.
The small-tonnage shipping market still sees virtually no encouraging news for ship owners, although we have already left behind a month of new grain season. Note that during 1.5 months, rates ex Ukrainian ports have grown – or rather pushed from the bottom – by $1-1.5/t on short-haul routes and by $2-2.5/t in long-haul…… Read more »