On week 14, the short sea market in the Baltic region has seen a slight increase in freight rates for most directions. Considering the end of Easter holidays in Europe, more vessel positions appear in the market for April dates, Sea Lines shipbrokers report.
However, there is still no enough tonnage in the Baltic because a lot of vessels of European ship owners are opening on the Continent and in the Mediterranean. Meanwhile, queues are observed in the ports of Great Britain and ARAG due to the worsening weather conditions, which leads to an increase in voyage duration. Because of this situation, it is almost impossible for shipowners to give their fleet for cargo in spot / prompt positions.
On week 14, freight rates for 30,000-35,000 dwt bulkers from Ust-Luga increased slightly.
Thus, rates on the Ust-Luga – Continent – Ust-Luga were $20 pmt, rates from Ust-Luga to North Spain were $23 pmt, and those to Casablanca were $26.5 pmt.
Rates from Ust-Luga were $30.5 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 $38 pmt.
On week 14, freight rates for smaller bulkers from Ust-Luga also moved up a bit.
Thus, rates from Ust-Luga to Riga made €16.75 pmt and those to Gdansk were €18.5 pmt.
Freight rates from Ust-Luga made €20.75 pmt to Szczecin, €25.25 to Flensburg, and €28 to Hamburg.
Rates from Ust-Luga were €31.25 pmt to ARAG, €38.75 pmt to East Britain, €39.75 pmt to West Britain, and €41 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.