Page 109 - RusRPTJun20

RUB540/day in April, down 11% YTD. This rate is the minimum level to, which gondolas rates could fall.
Railcars. ​The gondola fleet increased 1,542 cars in March, implying a 1% (5,233 cars) YTD expansion to 566,433 cars. The oil tanks fleet was flat at 178,957 cars.
Outlook.​ The slowdown in economic activity worldwide is putting pressure on cargo volumes, with almost all commodities seeing volumes fall because of low demand. Thus, we do not see any relief in the next month. The situation is worse for the gondola segment, as fleet oversupply in the absence of write-offs would not be balanced, even after a recovery from the pandemic.
● Ships
During the first four months of this year, including the full quarantine month of April, Ukraine’s ports handled 12.5% more cargo than during the same period last year​. Grain was up 5%, to 18.7mn tons. Ore was up 30%, to 13.8mn tons. The Sea Ports Authority reports that coal doubled, to 2.5mn tones, and crude oil increased five-fold, to 800,000 tons.
Ukraine’s largest port, Pivdennyi, grew the fastest ​– handling 21mn tons, a 33% jump over last year. Mykolaiv saw a 4% drop. Chornomorsk and Odesa saw minor growth. These four ports handled 87% of Ukraine’s sea trade. Mariupol, Ukraine’s main port on the contested Sea of Azov, saw a 33% increase in cargo, to 2.2mn tons.
109​ RUSSIA Country Report​ June 2020 ​ ​www.intellinews.com