The shortsea market in the Baltic region is stable with a slight increase in rates. Due to the continuing cold snap, ice-class vessels are in great demand.
According to Sea Lines shipbrokers, the most popular destinations for trade remain from the low Baltic waters to the ports of ARAG and Great Britain. Also, considering the active shipments of grain from Russian ports, European shippers of fertilizers, steel and flax are planning most of their shipments in the second half of February, when a quota is introduced for grain and the amount of cargoes in the market is expected to decrease.
On week 4, freight rates for 30,000-35,000 dwt bulkers from Ust-Luga moved upwards.
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 $22.5 pmt.
Rates from Ust-Luga were $30 pmt to West Med rates, and $31.75 pmt to East Med.
Rates for 30,000-35,000 dwt bulkers from Ust-Luga to the Black Sea amounted to $34 pmt.
On week 4, freight rates for smaller bulkers from Ust-Luga moved sideways.
Thus, rates from Ust-Luga to Riga made €18.5 pmt. And those to Gdansk were €20 pmt.
Freight rates from Ust-Luga made €24 pmt to Szczecin, €26.5 to Flensburg, and 28.75 to Hamburg.
Rates from Ust-Luga were €31 pmt to ARAG, €41 pmt to East Britain, €42 pmt to West Britain, and €42.5 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.