In the deep sea segment in the Baltic, there is a tendency for SPOT/PROMT shipments for Handy vessels, mostly for grain, scrap and coal. Usually, those are going to Spain or Portugal, according to Sea Lines ship brokers. Furthermore, there are also a lot of 30k vessels opening in the Baltic next week, which can play a role in freight rates decrease if there is not enough cargo.
On week 48, freight rates for 30,000-35,000 dwt bulkers from Ust-Luga decreased for most destinations, the only exception being the Persian Gulf.
Thus, rates on the Ust-Luga – Continent – Ust-Luga rates were $15 pmt, rates from Ust-Luga to ARAG made $16.5 pmt.
Rates from Ust-Luga were $27 pmt to West Med rates, and $29 pmt to East Med.
Rates for 30,000-35,000 dwt bulkers from Ust-Luga to the Black Sea amounted to $31 pmt, rates to the Persian Gulf were $37 pmt.
In the small tonnage bulker segment in the Baltic, an activity in SPOT shipments, especially fertilizers, grains and scrap cargoes is observed on week 48. However, owners are more inclined to carry grain, even despite the worsening weather, Sea Lines report.
As for the loading range, the number of shipments from the southern Baltic ports is increasing, particularly from Klaipeda. But, taking into account that the majority of vessels are tied in long-term contracts, finding a vessel in SPOT/PROMT positions has become rather complicated. Following the demand, rates continue to rise: for most destinations, freight per PMT has increased by 1-2 EUR compared to the previous week.
Speaking about December shipments, winter dues start being implemented in ports, what raises the rates even more.
On week 48, freight rates for smaller bulkers from Ust-Luga grew for most destinations.
Thus, rates from Ust-Luga to Klaipeda were €16 pmt, and those to Riga and Stockholm were €13.5 pmt.
Freight rates from Ust-Luga to Hamburg made €24.75 pmt, and to Bremerhaven €25.5 pmt.
Rates from Ust-Luga to ARAG were €28 pmt, and those to Dublin €37 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.