In the Baltic deep sea market, freight rates from Ust-Luga continued to grow.
On week 7, freight rates for 30,000-35,000 dwt bulkers from Ust-Luga continued an upward trend, Sea Lines ship brokers report.
Thus, rates on the Ust-Luga – Continent – Ust-Luga were $24 pmt, rates from Ust-Luga to North Spain were $26 pmt, and those to Casablanca were $28 pmt.
Rates from Ust-Luga were $33.5 pmt to West Med rates, and $36 pmt to East Med.
Rates for 30,000-35,000 dwt bulkers from Ust-Luga to the Black Sea amounted to $39 pmt.
In the Baltic shortsea market, the upward trend in bunker prices is expected to persist in the coming weeks, which may contribute to an even greater rise in freight rates. Also, according to the weather forecast, cold weather will last until March 10 in the Baltic, so the ice conditions will remain complicated.
According to Sea Lines, long queues are observed in the ports of the Baltic basin, which leads to delays in shipments and disruption of ship owners’ schedules. However, despite the severe ice conditions, most owners are not inclined to leave the Baltic region, but some of them are ready to consider profitable voyages to the Mediterranean and the Black Sea.
On week 7, freight rates for smaller bulkers from Ust-Luga moved upwards.
Thus, rates from Ust-Luga to Riga made €19.5 pmt. And those to Gdansk were €21 pmt.
Freight rates from Ust-Luga made €25 pmt to Szczecin, €27.25 to Flensburg, and 29.25 to Hamburg.
Rates from Ust-Luga were €32 pmt to ARAG, €41.25 pmt to East Britain, €42.25 pmt to West Britain, and €43.5 pmt to Dublin.
Please note that the rates cited in this 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.