On week 5, freight rates in the Baltic region demonstrated an increase. The rates were affected by both a significant reduction in open positions of small-tonnage fleet, and the reluctance of many shipowners to take cargo from the ports of St. Petersburg and Ust-Luga, due to ice convoy, Sea Lines shipbrokers explain. As a result, the freight rate from Ust-Luga to Gent has increased to 64 euro per ton.
According to Sea Lines, rates for 3-5K dwt bulkers from Ust-Luga to Riga make €35 pmt, and those to Gdansk €39 pmt.
Freight rates from Ust-Luga made €38 pmt to Szczecin, €45 to Flensburg, and €61 to Hamburg.
Rates from Ust-Luga were €64 pmt to ARAG, €66 pmt to East Britain, €69 pmt to West Britain, and €73 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.