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Market Analyses

Inland shipping freight tariffs reach low point.

Since the start-up of the test panel for the dry cargo freight index, the NaviDry Index of Essenciál, the average price level has never been so low.
Eng. Filip Verbeke offers an explanation.

In November last year we had extremely low water in the Rhine and Moselle with the result that even the basic freight tariffs rose by more than 50% due to a lack of capacity.
When the water level returned to normal at the beginning of December the tariffs dropped at lightning speed towards the end of the year.
We foresee a recovery to an average of 1.450 ct per 100 tonne-km, but during the period of frost and even afterwards we see the freight tariffs drop to a level below 1.000 ct/1.000 tonne-km.
It is not quite clear what causes this. In a subsequent analysis we will take the evolution of volumes into consideration. They were in any case rather low during the period of frost.

 


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