Baltic Exchange has issued the tanker report for the 11th week of this year. The report of 17th March 2023 provides valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
CleanIn the Middle East Gulf this week freight levels have suffered as enquiry seemingly dropped off. TC1 is currently marked at WS182.5 (-14.06) and WS180 is reported on subjects. Similarly, for a run West on TC20, the index has come off $42,859 to $4,728,571. Much...
Baltic Exchange has issued the tanker report for the 5th week of this year. The report of 10th February 2023 provides valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
CleanThe Clean Product tanker market has seen improvements on all sectors and sizes this week, highlighted by the BCTI climbing from 629 to 822.
In the Middle East Gulf, available tonnage has been quickly snapped up and owners’ sentiment has been appropriately...
Baltic Exchange has issued the tanker report for the 2nd week of this year. The report of 13th January 2023 provides valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
CleanThe CPP tanker market remained mostly under pressure this week and this was reflected in the BCTI dropping by 18.5% to 870.
In the Middle East Gulf, LR fixtures have begun to emerge as the week went on and a widely reported TC1 voyage (75kt...
Baltic Exchange has issued the tanker report for the 1st week of this year. The report of 06th January 2023 provides valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
CleanThe Middle East Gulf has been tested hard this week with fixing being conducted off market and fixing levels on 2023 flat rates yet to be seen on the LRs. On the MRs, WS355 has been reported on subjects for a TC17 run at the end of the week on...
Baltic Exchange has issued the tanker report for the 49th week of this year. The report of 09th December 2022 provides valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
CleanLR2s in the Middle East Gulf have remained stable this week with TC1 holding around the WS290 mark all week. A run west on TC20 lost a modest $42,000, but still sits over the $6,000,000 level giving a round-trip TCE of just over $78,000 / day. LR1s have continued to strengthen...
Baltic Exchange has issued the tanker report for the 47th week of this year. The report of 25th November 2022 provides valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
CleanThe market has generally seen improvements all round this week. This was reflected in the BCTI climbing 277 points to 1738.
The Middle East Gulf has seen a surge in activity on all sectors. TC1 has shot up 95 points to WS291.25 and on a trip west TC20 has sailed over the...
The Baltic Briefing has issued the tanker report for the 23rdweek of this year. The report dated 11thJune 2021 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCC280,000mt to US Gulf
The market in the Middle East for 280,000mt to US Gulf (routing via the Cape/Cape) continues to be assessed at the WS18-18.5 level.
270,000mt to China
Rates for 270,000mt to China have reduced by one point to just above WS31 (a round-trip TCE of minus...
The Baltic Briefing has issued the tanker report for the 22ndweek of this year. The report dated 04thJune 2021 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCCMiddle East
In the Middle East, the market for 280,000mt to US Gulf (routing via the Cape/Cape) is assessed about half a point weaker at just below WS19.
270,000mt rates
Rates for 270,000mt to China have dipped, last assessed at WS34-34.5 level (showing a round-trip TCE of...
The Baltic Briefing has issued the tanker report for the 20thweek of this year. The report dated 28th May 2021 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCCIn the Middle East the market for 280,000mt to US Gulf (routing via the Cape/Cape) continues to be assessed at WS19-19.5 level and rates for 270,000mt to China have also remained flat at the WS36-36.5 region (showing a round-trip TCE of $3250/day). In the Atlantic, rates for...
The Baltic Briefing has issued the tanker report for the 20thweek of this year. The report dated 21st May 2021 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
280,000mt to US Gulf market
In the Middle East the market for 280,000mt to US Gulf (routing via the Cape/Cape) is assessed slightly firmer at WS19-19.5 level, up almost a point from last week.
270,000mt to China rates
Rates for 270,000mt to China are two points firmer at...