On week 49, due to the ongoing grain season in the Baltic, demand for coasters grew significantly in the region.
According to Glogos Project, spot tonnage was hard to find, and this required extra costs.
Many Baltic ship owners started already preparing for the New Year and Christmas holidays and were trying to take long voyages in southern directions to revert to their fleet-related concerns as early as January
Freight rates for Handysize bulkers remained on the previous week’s level.
We remind you that the rates cited in the article are average market rates. We ask our readers to pay attention that this information is not a commercial offer and cannot be an example for comparison in commercial disputes and arbitration proceedings.