Lack of coaster tonnage in Baltic Sea allows owners to raise rates

摘要

The Baltic Sea coaster shipping market remains active in early Dec. The offer of main cargoes with 1H Dec laycans looks healthyand supports demand for such fleet. At the same time, the tonnage list remains extremely short in the Baltic region, and players reportroaring demand for such vessels. In these circumstances, owners keep aggressively pushing rates up, aiming at extremely high levels.Charterers unable to postpone shipments have to accept nearly any terms. Over the week, freight rates have risen by €0.5-2/t, dependingon the route. However, levels on the same route can differ greatly given the current market excitement.