The Danube river transport market is in deep crisis, and the new harvest has not restored hope for a revival of exports via the Danube, reports the Ukrainian Latifundist. Carriers are fiercely competing for customers, resulting in a dumping price war.
As Vladislav Belach, deputy director of the Ukrainian Danube Shipping Company, told the portal, freight rates have fallen by 30% compared to last year, and next year the average rate may fall by 50%. Meanwhile, the volume of cargo transported by river has fallen several times. Shipments of goods are getting smaller and it is more profitable to export them by rail and road.
A lot of fleet – little cargo. In such a situation, market participants have to sit down together and negotiate. But for now, everyone is playing their own game, and as a result, we have dumping, from which everyone suffers – said Belakh.
The deputy director of UDP points to a steady decline in transshipment in the Danube ports. He also admits that carriers were counting on a revival of the market after the harvest, but the new harvest did not restore exports via the Danube.
Read more
Ukraine will start exporting biomethane to the EU in autumn
Read more
Ukrainian eggs flood the market. Farmers and ministry support import ban, but what will the EC decide?
Read more
China's soybean imports from the US jump 70 percent in August