On week 12, there is a shortage of vessels from 3 to 4 thousand tons, since a larger amount of tonnage was fixed at the ports of ARAG and the UK, where there is no abundance of return cargo for the time being. Ship owners report that they face delays during their voyages, in particular due to storms on the West Coast of the UK and in the Danish Straits. This leads to companies being unable to provide ships for cargo with 2-day laycan for spot shipments, fearing delays to the ports of loading. Sea Lines shipbrokers report.
Market participants note a slight decrease in rates, primarily associated with the falling fuel prices, the abolition of ice restrictions at ports and the transition to summer port dues. However, the high demand for ships still remains unchanged due to the large flow of cargo in the Baltic, and this trend is likely to continue, as delayed and new shipments will again appear on the market.
On week 12, freight rates for 30,000-35,000 dwt bulkers from Ust-Luga declined slightly.
Thus, rates on the Ust-Luga – Continent – Ust-Luga were $22 pmt, rates from Ust-Luga to North Spain were $24 pmt, and those to Casablanca were $28 pmt.
Rates from Ust-Luga were $32 pmt to West Med rates, and $38.5 pmt to East Med.
Rates for 30,000-35,000 dwt bulkers from Ust-Luga to the Black Sea amounted to $41 pmt.
On week 12, freight rates for smaller bulkers from Ust-Luga also moved down.
Thus, rates from Ust-Luga to Riga made €17 pmt and those to Gdansk were €19 pmt.
Freight rates from Ust-Luga made €21 pmt to Szczecin, €25 to Flensburg, and €28 to Hamburg.
Rates from Ust-Luga were €31 pmt to ARAG, €38 pmt to East Britain, €40 pmt to West Britain, and €41 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.