On week 2 of the year 2022, the Baltic market was stable, freight rates demonstrated a downward trend.
In the Baltic region, freight decreased significantly during the New Year holidays due to the lack of cargoes to ARAG and the Continent. Shipowners have become more willing to agree to shipping to such regions as Ireland and England for rates significantly lower than at the end of last year, Sea Lines shipbrokers report.
In addition, taking into account the shortage of cargo, shipowners are showing interest in shipping cargo from such ports as St. Petersburg and Kotka, despite the need for icebreaker support. Thus, the cost of shipping from St. Petersburg to ARAG dropped to €61 pmt.
Rates for 3-5K dwt bulkers from Ust-Luga to Riga make €36 pmt, and those to Gdansk €40 pmt.
Freight rates from Ust-Luga made €41 pmt to Szczecin, €46 to Flensburg, and €60 to Hamburg.
Rates from Ust-Luga were €61 pmt to ARAG, €66 pmt to East Britain, €68 pmt to West Britain, and €70 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.