ENOC

Weekly Tanker Report Week 22, 2021

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.

VLCC

Middle 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...

https://mfame.guru/weekly-tanker-report-week-22-2021/

LNG Buyers Rethink Procurement Plans Due To Surge In Spot Prices

This winter’s LNG supply constraints and the associated surge in Asian spot LNG prices in mid-January have prompted buyers to rethink their procurement strategies, given sellers’ opportunity to market long-term deals with renewed vigor, and may trigger some lasting changes in contracting behavior, reports S&P Global.

Disturbance in the supply chain

The supply disruptions seen in recent weeks exposed vulnerabilities in the procurement system for many importers, with countries like Japan focusing...

https://mfame.guru/lng-buyers-rethink-procurement-plans-due-to-surge-in-spot-prices/

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