Tis the season of higher tankcar lease rates

摘要

Oil and gasoline tankcar lease rates remain more or less stable this month. Some market participants had expected a rise, following the end of the river navigation season in European Russia and the start of maintenance at some refineries. “Lessees’ are more active because they know how much to ship in December. And the weather has become a factor, with storms at ports and an early cold spell in European Russia,” according to one rail operator. Tankcar lease rates are around Rbs600-700/d ($9.85-11.49/d), excluding value-added tax (VAT), he says. But other operators say there were no changes last month and that the price range is Rbs580-660/d, excluding VAT.