The previous week’s trend continue in the Baltic large-tonnage bulker market. According to Sea Line ship brokers, with more cargo for Handy and Supramax bulkers appearing in the market the rates grew even stronger. Ship owners hope that the market growth will persist and they will be able to make up for the losses they incurred in spring.
On week 34, freight rates for 30,000-35,000 dwt bulkers from Ust-Luga in the Baltic went up, according to Sea Lines ship brokers.
Last week, rates on the Ust-Luga – Continent – Ust-Luga routes were $15 pmt, rates from Ust-Luga to ARAG made $15.5 pmt.
Rates from Ust-Luga were $21 pmt to West Med rates, and $22 pmt to East Med.
Rates for 30,000-35,000 dwt bulkers from Ust-Luga to the Black Sea amounted to $24 pmt, rates to the Persian Gulf were $39 pmt.
Intra-Baltic rates for 3,000-5,000 dwt bulkers from Ust-Luga increased by €1.
Thus, rates from Ust-Luga to Klaipeda were €8.5 pmt, and those to Riga and Stockholm also €8 pmt.
Freight rates from Ust-Luga to Hamburg made €15 pmt, and to Bremerhaven €16 pmt.
Rates from Ust-Luga to ARAG were €117 pmt, and those to Dublin €29 pmt.
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.