With spring approaching, more and more ship owners in the Baltic region short sea market are starting to enter eastern Baltic ports and show the positions of their vessels in the Gulf of Finland. This is due to the fact that the cold is gradually beginning to subside and more and more vessels can enter the ice ports. Also, there is a large amount of cargoes in spot position in the market, which allows freight rates to remain high, Sea Lines shipbrokers report.
On week 8, freight rates for 30,000-35,000 dwt bulkers from Ust-Luga went up slightly for some directions.
Thus, rates on the Ust-Luga – Continent – Ust-Luga were $24.25 pmt, rates from Ust-Luga to North Spain were $26 pmt, and those to Casablanca were $28.25 pmt.
Rates from Ust-Luga were $33 pmt to West Med rates, and $37 pmt to East Med.
Rates for 30,000-35,000 dwt bulkers from Ust-Luga to the Black Sea amounted to $40 pmt.
On week 8, freight rates for smaller bulkers from Ust-Luga moved upwards for some directions while decreasing for other directions, according to Sea Lines.
Thus, rates from Ust-Luga to Riga made €19.75 pmt. And those to Gdansk were €21.25 pmt.
Freight rates from Ust-Luga made €25 pmt to Szczecin, €27.5 to Flensburg, and €30 to Hamburg.
Rates from Ust-Luga were €32 pmt to ARAG, €41 pmt to East Britain, €42 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.