On week 3 of the year 2022, freight rates in the Baltic market demonstrate a decrease. There are significantly fewer companies wishing to sign up for a voyage to England/Ireland, since it is difficult to find a back cargo and it is expensive to make a ballast passage, Sea Lines shipbrokers report.
There are a lot of spot positions open in the southern and western Baltic. Many European shipowners are running out of their current contracts. The main demand from charterers is for small-tonnage vessels up to 4000 mt.
Rates for 3-5K dwt bulkers from Ust-Luga to Riga make €33 pmt, and those to Gdansk €35 pmt.
Freight rates from Ust-Luga made €36 pmt to Szczecin, €42 to Flensburg, and €58 to Hamburg.
Rates from Ust-Luga were €60 pmt to ARAG, €64 pmt to East Britain, €65 pmt to West Britain, and €69 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.