High rates are maintained in the deep market both in the Baltic and the Continent and in the Black Sea. The abundance of various shipments from the ports of the Baltic sea, Norway and the North Sea, and consistently high fuel prices give the freedom for Handy / Supramax owners to request higher rates and trade their vessels for the most profitable cargo, Sea Lines shipbrokers report.
On week 9, freight rates for 30,000-35,000 dwt bulkers from Ust-Luga went down slightly for some directions, however.
Thus, rates on the Ust-Luga – Continent – Ust-Luga were $24 pmt, rates from Ust-Luga to North Spain were $25.75 pmt, and those to Casablanca were $28 pmt.
Rates from Ust-Luga were $33 pmt to West Med rates, and $37 pmt to East Med.
Rates for 30,000-35,000 dwt bulkers from Ust-Luga to the Black Sea amounted to $39.5 pmt.
There is a slight increase in rates in the short sea market in the Baltic region facilitated by the rising fuel prices and an increase in contract shipments. Due to warming, more vessel positions are opening in the Gulf of Bothnia and the Gulf of Finland, plus queues in ports are also decreasing, Sea Lines report.
Due to the grain quota now in force, there is a decrease in the amount of grain cargo, while the fertilizers market is quite active. According to Sea Lines, fertilizers are mostly shipped to the ports of Great Britain and Ireland in batches of 3-5 thousand tons.
On week 9, freight rates for smaller bulkers from Ust-Luga moved upwards for some directions.
Thus, rates from Ust-Luga to Riga made €20 pmt and those to Gdansk were €21.75 pmt.
Freight rates from Ust-Luga made €26 pmt to Szczecin, €28 to Flensburg, and €30.25 to Hamburg.
Rates from Ust-Luga were €32.25 pmt to ARAG, €41 pmt to East Britain, €42 pmt to West Britain, and €43.75 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.