In the deep sea Baltic market, after a long rise of the BDI, the index began falling again. Sea Lines shipbrokers explain it by the decrease in the demand for Capesize and Panamax bulkers. In the Handy and Supramax segments, time-charter equivalent rates have remained stable so far. Ship owners still find the Asia Pacific region more attractive due to the large volume of cargo and higher rates. However, same as last week, they are trying to avoid voyages to India due to the aggravation of the pandemic situation in the country.
On week 20, freight rates for 30,000-35,000 dwt bulkers from Ust-Luga declined slightly.
According to Sea Lines, rates on the Ust-Luga – Continent – Ust-Luga were $19 pmt, rates from Ust-Luga to North Spain were $22.5 pmt, and those to Casablanca were $27 pmt.
Rates from Ust-Luga were $30.75 pmt to West Med rates, and $36 pmt to East Med.
Rates for 30,000-35,000 dwt bulkers from Ust-Luga to the Black Sea amounted to $37 pmt.
As for the short sea market in the Baltic, the demand for vessels and the regularity of shipments are stable, Sea Lines report. Quite a lot of cargo is shipped within the basin, but shipments to the UK and ARAG also take place. Stable fuel prices contribute to the stability of rates. It should be noted that many vessels are getting out of annual contracts and are already beginning to consider new ones. Some of them will start at the beginning of June.
On week 20, freight rates for 3,000-5,000 dwt bulkers from Ust-Luga went down slightly.
Thus, rates from Ust-Luga to Riga made €14.25 pmt and those to Gdansk were €16.5 pmt.
Freight rates from Ust-Luga made €18.5 pmt to Szczecin, €23 to Flensburg, and €27.5 to Hamburg.
Rates from Ust-Luga were €29 pmt to ARAG, €37.25 pmt to East Britain, €39 pmt to West Britain, and €40.25 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.