On week 44, the situation in the Baltic region was stable. There was a fairly large number of cargoes on the market at good rates. With this in mind, many shipowners prefer not to go beyond the Danish straits, since finding back cargo from the Continent is often quite problematic, and they can earn good money on rather short voyages within the Baltic Sea. This is also due to the fact that a fairly large portion of the fleet has been signed under long-term contracts and a long ballast transition is not profitable for ship owners.
In the deep sea market, it is still a problem to find a vessel to Southeast Asian ports, since freight rates in this region are lower than ship owners can earn in the Atlantic. This forces many charterers to raise their freight rates by $7-10 to meet contractual obligations or reschedule shipping dates waiting for a change in this situation.
Freight rates for 30,000-35,000 dwt bulkers from Ust-Luga grew, Sea Line reports.
Last week, rates on the Ust-Luga – Continent – Ust-Luga routes were $17.5 pmt, rates from Ust-Luga to ARAG made $18.5 pmt.
Rates from Ust-Luga were $27 pmt to West Med rates, and $31 pmt to East Med.
Rates for 30,000-35,000 dwt bulkers from Ust-Luga to the Black Sea amounted to $33.5 pmt, rates to the Persian Gulf were $30 pmt.
In the small tonnage bulker segment in the Baltic rates from Ust-Luga moved in different directions.
Rates from Ust-Luga to Klaipeda were €15.5 pmt, and those to Riga and Stockholm were €14 pmt.
Freight rates from Ust-Luga to Hamburg made €19.75 pmt, and to Bremerhaven €21 pmt.
Rates from Ust-Luga to ARAG were €26 pmt, and those to Dublin €34 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.