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Coaster freight market. Baltic and North Seas // week 46

17.11.16
13:14

The situation has improved slightly for the owners of small-tonnage fleet in the Baltic and North Seas in mid-November. They have managed to raise the rates for shipments on most routes by €0.5-1/t on average. At the same time, the export volumes of main cargoes have not changed significantly so far. Market participants report only a slight increase in shipments of fertilizers and grain from the regional ports. The rates’ growth has been primarily caused by worsening weather conditions in the basin. There is no shortage of vessels in the spot market, though the charterers are increasingly facing difficulties signing the deals at attractive rates.

As expected, the closure of navigation on inland Russian waterways has not affected the regional freight market significantly. The cargoes exported from Russian river ports have been partly redirected to the ports of the Gulf of Finland (Vyborg, Ust-Luga, St. Petersburg).

Carrying 6,500 t of steel from St. Petersburg to the ARA ports is negotiated at €13-13.5/t. A 4,800 t cargo lot from Tallinn to Algeria has been fixed at $38/t. The deal for transportation of a small lot of nonferrous metals (about 2,000 t) from St. Petersburg to Rotterdam has been signed at €19.75/t. Shipping 3-4,000 t of steel products from St. Petersburg to the ARA ports may cost €17-18/t. A 3,000 t cargo lot from Kaliningrad to Sweden has been fixed at €13.75/t. A 2,000 t lot of wood pellets from Viborg to Denmark has been fixed at €18/t. The deal for transportation of 3,000 t of steel scrap from St. Petersburg to northern Spain has been signed at €28/t. Carrying 3,000 t of minerals from Riga to Rotterdam is quoted at €19/t. The contract for shipment of 4,000 t of fertilizers from Klaipeda to southern Spain has been concluded at €26.5/t. A 2,000 t lot of fertilizers from Gdansk to Sweden has been fixed at €11.5/t. A 3,000 t lot of salt is exported from Klaipeda to Tallinn at €7/t. The charterers are ready to pay €35-36/t for transportation of 4,000 t of grain from the lower Baltic to Turkey. The deal for shipment of a similar lot of maize from Szczecin to the ARA ports has been signed at €16/t. The contract for transportation of 4-5,000 t of maize from Kaliningrad on the same route is negotiated at €17-18/t. A 4,000 t lot of grain from the east coast of the UK to Seville has been fixed at €18.5/t. Carrying 3,000 t of rapeseed from Rouen to northern Spain is negotiated at $24-26/t. A 2,800 t lot of alumina from northern Spain to Klaipeda has been fixed at €16/t.

The shipowners will most likely continue to raise the freight rates in the basin next week. Market participants expect the cargo flow from the regional ports to perk up in the coming weeks, as major players are going to close their annual contracts. As a result, the rates may go up further in the Baltic and North Seas.

Steel, 3-4,000t, St. Petersburg - ARA ports, €/tonne

Fertilizers, 3-5,000t, Klaipeda - northern ports of Spain, €/tonne

Scrap, 3-4,000t, St. Petersburg - northern ports of Spain, €/tonne

Flat steel products, 2-3,000t, UK East Coast - ARA ports, €/tonne


Average round voyage TCE (given backhaul leg in ballast), $/day

Route Current TCE, $/day w-o-w
Gulf of Finland - ARAG RV, coaster 3,000 DWCC 1300 +140
Lower Baltic - ARAG RV, coaster 3,000 DWCC 1380 +200

Spot/ppt freight assessments on main trade routes ex Baltic Sea ports

Cargo Lot Loading port Country Discharging port Country Given load rate Given disch rate Rate, $/tonne w-o-w
flat steel products 6,000t St. Petersburg Russia Newcastle UK 2500c 2500x €19-20 +1
flat steel products 3-4,000t St. Petersburg Russia Hamburg Germany 1500c 1750x €14 +0.5
flat steel products 3-4,000t St. Petersburg Russia East Coast UK 1500c 1750x €22 +1
flat steel products 3-4,000t St. Petersburg Russia Rotterdam / Antwerp Netherlands / Belgium 1500c 1750x €17 +0.5
flat steel products 3-4,000t St. Petersburg Russia North Coast France 1500c 1750x €21 +0.5
flat steel products 3-4,000t Kaliningrad Russia Rotterdam / Antwerp Netherlands / Belgium 1500c 1750x €16-16,5 +0.5
flat steel products 3-4,000t Kaliningrad Russia Aalborg Denmark 1500c 1750x €13-14 +0.5
flat steel products 3-4,000t Kaliningrad Russia South Coast UK 1500c 1750x €21 +0.5
square billets 3-4,000t St. Petersburg Russia Hamburg Germany 1500c 1750x €14 +0.5
square billets 3-4,000t St. Petersburg Russia East Coast UK 1500c 1750x €21-22 +0.5
square billets 3-4,000t St. Petersburg Russia Rotterdam / Antwerp Netherlands / Belgium 1500c 1750x €17 +0.5
slabs 10,000t St. Petersburg Russia East Coast UK 3000c 3500x €13-14 =
slabs 10,000t St. Petersburg Russia Bremen Germany 3000c 3500x €12-13 =
slabs 5,000t Kaliningrad Russia Aarhus Denmark 2000c 2500x €12 +1
slabs 5,000t Kaliningrad Russia East Coast UK 2000c 2500x €18-19 +0.5
aluminium 10-12,000t St. Petersburg Russia Vlissingen Netherlands 3000c 3500x €13-14 =
aluminium 8,000t St. Petersburg Russia Rotterdam / Antwerp Netherlands / Belgium 2500c 3000x €13 =
aluminium 3-4,000t St. Petersburg Russia Vlissingen Netherlands 1500c 1750x €17 +0.5
aluminium 3,000t St. Petersburg Russia East Coast UK 1500c 1750x €21 +0.5
aluminium 3,000t St. Petersburg Russia Oslo Norway 1500c 1750x €17 +0.5
aluminium 3,000t St. Petersburg Russia West Coast Norway 1500c 1750x €18-19 +0.5
aluminium 3,000t St. Petersburg Russia Rotterdam / Antwerp Netherlands / Belgium 1500c 1750x €17 +0.5
aluminium 3,000t Ust-Luga Russia Rotterdam / Antwerp Netherlands / Belgium 1500c 1750x €17 +0.5
aluminium 3,000t St. Petersburg Russia Szczecin Poland 1500c 1750x €13-14 +0.5
aluminium 3,000t St. Petersburg Russia 1 port France 1500c 1750x €22 +0.5
aluminium 2,500t St. Petersburg Russia 1 port Germany 1500c 1750x €14-14,5 =
pig iron 10,000t Riga Latvia Northern ports Spain 4000c 4000x €14-15 =
pig iron 5,000t Riga Latvia Northern ports Spain 2500c 2500x €18 +1
pig iron 5,000t Riga Latvia Rotterdam / Antwerp Netherlands / Belgium 2500c 2500x €13,5-14 +0.5
pig iron 5,000t Riga Latvia Lubeck Germany 2500c 2500x €12-13 +0.5
pig iron 3-5,000t Klaipeda Lithuania Northern ports Spain 2250c 2250x €20-21 +2
pig iron 3,000t Riga Latvia Lubeck Germany 2000c 2000x €13-14 +0.5
pig iron 3,000t Riga Latvia Rotterdam / Antwerp Netherlands / Belgium 2000c 2000x €17 +0.5
ferroalloys 5,000t Riga Latvia Rotterdam / Antwerp Netherlands / Belgium 1500c 1500x €17 +0.5
ferroalloys 3,000t Riga Latvia Northern ports Spain 1000c 1000x €22 +2
steel cuttings (sf 63`) 5,000t St. Petersburg Russia Southern ports Spain 1250c 1250x €30 +2
steel cuttings (sf 63`) 3,000t St. Petersburg Russia Barcelona Spain 1000c 1000x €34 +2
steel cuttings (sf 63`) 3,000t St. Petersburg Russia Northern ports Spain 1000c 1000x €27-28 +1.5
steel cuttings (sf 63`) 3,000t Szczecin Poland Northern ports Spain 1000c 1000x €22-23 +2
scrap (sf 55-60`) 10,000t St. Petersburg Russia Iskenderun Turkey 2500c 2500c 28-29 +1
scrap (sf 55-60`) 6,000t Tallinn Estonia Barcelona Spain 1750c 1750x €23-24 +1
scrap (sf 55-60`) 5,000t Arkhangelsk Russia Northern ports Spain 1000c 1500x €24-25 +1.5
scrap (sf 55`) 5,000t Murmansk Russia Northern ports Spain 1500c 1500x €29-30 +3
scrap (sf 55-60`) 3-5,000t St. Petersburg Russia Szczecin Poland 1500c 1500x €14 +0.5
scrap (sf 55-60`) 3-5,000t St. Petersburg Russia Rotterdam / Antwerp Netherlands / Belgium 1500c 1750x €17,5-18 +0.5
scrap (sf 55-60`) 3-5,000t Klaipeda Lithuania Northern ports Spain 1500c 1750x €20-21 +2
scrap (sf 55-60`) 3-5,000t Klaipeda Lithuania Rotterdam / Antwerp Netherlands / Belgium 1500c 1750x €17-18 +1
scrap (sf 55-60`) 3-5,000t Klaipeda Lithuania Hamburg Germany 1500c 1750x €13-14 +0.5
scrap (sf 55-60`) 3-5,000t Tallinn Estonia Northern ports Spain 1500c 1750x €20-21 +2
scrap (sf 55-60`) 3-5,000t Tallinn Estonia Rotterdam / Antwerp Netherlands / Belgium 1500c 1750x €17-18 +1
scrap (sf 35`) 3-4,000t 1 port Finland Lisbon Portugal 1250x 1250x €22-23 +2
scrap (sf 55-60`) 3,000t Vyborg Russia Northern ports Spain 1250c 1500x €24 +1,5
scrap (sf 58`) 3,000t St. Petersburg Russia Barcelona Spain 1250c 1500x €29-30 +2
scrap (sf 55-60`) 3,000t St. Petersburg Russia Northern ports Spain 1250c 1500x €25-26 +2
scrap (sf 55-60`) 3,000t Kaliningrad Russia Hamburg Germany 1250c 1500x €14 +0.5
scrap (sf 55-60`) 3,000t Liepaja Latvia Northern ports Spain 1250c 1500x €21 +2
scrap (sf 55-60`) 2,000t Klaipeda Lithuania Wismar Germany 1000c 1000x €14-15 +0.5
scrap (sf 55-60`) 1,5-2,000t Klaipeda Lithuania Rotterdam / Antwerp Netherlands / Belgium 1000c 1000x €20 +1
scrap (sf 56`) 1,500t Liepaja Latvia Hamburg Germany 1000x 1000x €14 +0.5
coke 3,000t Kaliningrad Russia Ghent Belgium 1500c 2000x €19 +1
coke 3,000t Kaliningrad Russia Vlissingen Netherlands 1500c 2000x €19 +1
coal 10,000t Riga Latvia Ghent Belgium 4000c 4000x €12-13 =
coal (sf 44-45`) 5-7,000t Riga Latvia Rotterdam / Antwerp Netherlands / Belgium 3000c 3000x €13-14 +0.5
coal (sf 44-45`) 3-5,000t Riga Latvia Northern ports Ireland 2000c 2000x €22 +1.5
coal 2,000t Kaliningrad Russia Gdynia Poland 1500c 1000x €9-10 +0.5
fertilizers 7,000t Klaipeda Lithuania Rotterdam / Antwerp Netherlands / Belgium 3000c 3000x €12-13 +0.5
fertilizers 4-5,000t Wismar Germany 1 port Ireland 2000c 2000x €20 +1.5
fertilizers 5,000t St. Petersburg Russia West Coast UK 2500c 2500x €24-25 +1
fertilizers 3-5,000t St. Petersburg Russia Rotterdam / Antwerp Netherlands / Belgium 2000c 2000x €17-18 +1
fertilizers 3-5,000t Klaipeda Lithuania Rotterdam / Antwerp Netherlands / Belgium 2000c 2000x €16-17 +0.5
fertilizers 3-5,000t Klaipeda Lithuania Northern ports Spain 2000c 2000x €20-21 +2
fertilizers 3-5,000t Klaipeda Lithuania Southern ports Spain 2000c 2000x €24-25 +2
fertilizers 3-5,000t Klaipeda Lithuania 1 port Ireland 2000c 2000x €22 +1.5
fertilizers 3-5,000t Tallinn Estonia 1 port Iceland 1700c 1500x €23-24 +1.5
fertilizers 3-5,000t Vyborg Russia Northern ports Spain 2000c 2000x €21-22 +1.5
fertilizers 3-5,000t Vyborg Russia 1 port Ireland 2000c 2000x €21-22 +1.5
fertilizers 3-4,000t Vyborg Russia 1 port Denmark 1750c 1750x €14 +0.5
fertilizers 3,000t Gdansk Poland 1 port Ireland 1500c 1500x €21 +1.5
fertilizers 3,000t Klaipeda Lithuania Gdynia Poland 1750c 1750x €10 +0.5
fertilizers 3,000t Vyborg Russia Southern ports Norway 1500c 1500x €17-18 +1
fertilizers 3,000t Vyborg Russia Northern ports France 1500c 1500x €23 +1
fertilizers 3,000t St. Petersburg Russia Western ports Sweden 1500c 1500x €14 +0.5
barley (malt) 3,000t Southern ports Sweden St. Petersburg Russia 1500c 1500x €13-14 +0.5
wheat 3,000t Stralsund Germany Setubal Portugal 1500c 1500x €21-22 +2
wheat 3,000t Klaipeda Lithuania Rotterdam / Antwerp Netherlands / Belgium 1500c 1500x €17-18 +1
grain 6,000t Southern ports Sweden Valencia Spain 2500x 2500x €21 +2
grain 3-5,000t Liepaja Latvia 1 port Denmark 1500c 1500x €13 +0.5
grain 3,000t 1 port Poland 1 port Ireland 1500c 1000x €22-23 +1.5
grain 3,000t Szczecin Poland Hamburg Germany 1500c 1500x €12-13 +0.5
grain 2-3,000t Klaipeda Latvia Hamburg Germany 1250c 1500x €13-14 +0.5
grain 2,500t Liepaja Latvia Southern ports Sweden 1250c 1500x €13-14 +0.5
grain 2,500t Riga Latvia Rotterdam / Antwerp Netherlands / Belgium 1250c 1500x €18 +1.5
grain 2,500t Gdansk Poland Rotterdam / Antwerp Netherlands 1250c 1500x €18 +1.5
wood chips (sf 55`) 8,000m3 Riga Latvia Cardiff UK 2500c 2500x €17* +0.5
wood chips (sf 55`) 6,000m3 Riga Latvia Wismar Germany 2500c 2500x €13* +0.5
wood chips (sf 55`) 4,000m3 Riga Latvia Northern ports France 1750c 2000x €18-19* +0.5
wood chips (sf 55`) 4,000m3 Riga Latvia Hamburg Germany 1750c 2000x €13* +0.5
saw timber 10,000m3 Riga Latvia Alexandria Egypt 3000c 2000x 33-34* =
saw timber 7,000m3 Riga Latvia West Coast UK 2500c 2500x €12-13* +0,5
saw timber 3,5-4,000m3 St. Petersburg Russia East Coast UK 1750c 2000x €17-18* +0.5
saw timber 3,5-4,000m3 Arkhangelsk Russia East Coast UK 1750c 2000x €26* +1
saw timber 3,5-4,000m3 Arkhangelsk Russia Rotterdam / Antwerp Netherlands / Belgium 1750c 2000x €25* +1
saw timber 3,5-4,000m3 Southern ports Sweden East Coast UK 1750c 2000x €14-15* +0.5
saw timber 3,5-4,000m3 Ust-Luga Russia Ghent Belgium 1750c 2000x €17* +0.5
saw timber 3,5-4,000m3 Klaipeda Lithuania West Coast UK 1750c 2000x €18-19* +0.5
saw timber 3,5-4,000m3 Liepaja Latvia East Coast UK 1750c 2000x €16-17* +0.5
saw timber 2,5-3,000m3 Riga Latvia Bordeaux France 1250c 1500x €19* +0.5
saw timber 2,5-3,000m3 Klaipeda Lithuania Southern ports Sweden 1250c 1500x €12-13* +0.5
timber 5,000m3 St. Petersburg Russia Oulu Finland 2000c 1750x €12-13* +0.5
timber 4,500m3 St. Petersburg Russia 1 port Germany 1750c 1750x €12-13* +0.5
timber 3,000m3 St. Petersburg Russia Southern ports Sweden 1500c 1500x €13-14* +0.5
construction cargoes 3,000t Klaipeda Lithuania Stockholm Sweden 2000c 2000c €10 =
construction cargoes 3,000t Klaipeda Lithuania Vasteras Sweden 2000c 2000c €10 =
crushed stone 3,000t 1 port Sweden Kaliningrad Russia 2000c 2000c €7 +0.5

Terms FIOS 1/1;

* - per m3

Spot/ppt freight assessments on main trade routes ex North Sea ports

Cargo Lot Loading port Country Discharging port Country Given load rate Given disch rate Rate, $/tonne w-o-w
flat steel products 3,000t Oslo Norway East Coast UK 1700x 1700x €13 =
flat steel products 2-3,000t East Coast UK Northern ports Spain 1250x 1250x €15-16 =
flat steel products 2-3,000t East Coast UK Rotterdam / Antwerp Netherlands / Belgium 1250x 1250x €10-11 =
rebar 4-5,000t Rotterdam Netherlands 1 port Tunisia 2500x 1500x €24-25 =
angle, channel 2-3,000t East Coast UK Northern ports Spain 1200x 1200x €16-16.5 =
angle, channel 2-3,000t East Coast UK Rotterdam / Antwerp Netherlands / Belgium 1200x 1200x €11-11.5 =
aluminium 3-4,000t 1 port Norway Diliskelesi Turkey 1200c 1500x 31-32 =
scrap (sf 55-60`) 4,000t East Coast UK 1 port Portugal 1500x 1500x €16-17 =
scrap (sf 55-60`) 3-4,000t East Coast UK Northern ports Spain 1500x 1500x €15 =
scrap (sf 58`) 2-2,500t Sligo Ireland Sevilla Spain 1000x 1000x €17-18 =
fertilizers 3,500t Rotterdam / Antwerp Netherlands / Belgium St. Malo France 1500x 1500c €12-13 =
fertilizers 3,000t Hamburg Germany Bordeaux France 1700x 1700x €14 =
fertilizers 3,000t Hamburg Germany East Coast UK 1700x 1700x €13-14 =
fertilizers 2,000t Immingham UK Rotterdam / Antwerp Netherlands / Belgium 1250x 1250x €12 =
fertilizers 1,5-2,000t Rotterdam / Antwerp Netherlands / Belgium 1 port Denmark 1500x 1500x €14 =
barley (malt) 3,000t Southern ports UK Rotterdam / Antwerp Netherlands / Belgium 1500x 1500x €11-12 =
barley (malt) 2,500t Rotterdam / Antwerp Netherlands / Belgium St. Petersburg Russia 1500x 1500c €15-16 =
wheat 3,000t Hamburg Germany 1 port Portugal 1500c 1500x €17-18 =
grain 3,000t Hamburg Germany 1 port Finland 2000c 2000x €12-13 =
grain 3,000t 1 port UK Setubal Portugal 1500c 1500x €17 =
grain 3,000t Hull UK West Coast Ireland 1500x 1500x €15 =
grain 3,000t Northern ports France Alexandria Egypt 1500x 1500x 28-29 =
grain 3,000t Northern ports France 1 port Tunisia 1500x 1000x 21-22 =
grain 3,000t Northern ports France 1 port Morocco 1500x 1000x 17 =
grain 3,000t Northern ports France Sicily Italy 1500x 1500x €21 =
grain 2-3,000t East Coast UK Rotterdam / Antwerp Netherlands / Belgium 1500x 1500x €12 =
grain 2-3,000t Bayona Spain 1 port Ireland 1500x 1000x €15-16 =
grain 2-3,000t Bordeaux France Southern ports Sweden 1200x 1200x €15-16 =
meals 3-5,000t Rotterdam / Antwerp Netherlands / Belgium Riga Latvia 2000x 2000x €13-14 =
meals 3-5,000t Rotterdam / Antwerp Netherlands / Belgium Kaliningrad Russia 2000x 2000x €12-13 =
saw log 4-4,500m3 West Coast Norway Hamburg Germany 1500c 1500x €14-15* =
cement in big bags 3,000t Hamburg Germany St. Petersburg Russia 2000c 2000c €12 =
cement in big bags 3,000t Aalborg Denmark St. Petersburg Russia 2000c 2000c €12 =
crushed stone 3,000t 1 port Norway Kaliningrad Russia 2000c 2000c €7 +0.5
asphalt crumb 5,000t Rotterdam Netherlands Tallinn Estonia 3000c 3000x €7 +0.5

Terms FIOS 1/1;

* - per m3.

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