Suezmax

Tankers: VLCC market remains stable

The Baltic Exchange focused on analysing, in its weekly report, the performance of tankers in the shipping sector. The report mainly focuses on VLCC, Suezmax, Aframax and Clean. Namely, the very large crude tankers (VLCCs) are the ones that remained stable in the previous week.

Specifically:

  • VLCC

VLCC experienced a stable week in the Middle East Gulf as the rates hovered between WS 55.75 and 56.25 for 270,000mt to China.

Going west, rates for 280,000mt to the US Gulf held at WS 24.75 basis Cape...

https://safety4sea.com/tankers-vlcc-market-remains-stable/

In the LOOP: Larger Suezmaxes making more trips from USGC to Europe on rising Aframax rates

Unusual strengthening in the US Aframax tanker market has compelled more crude oil shippers to use larger Suezmax vessels in recent weeks, according to shipping sources.

There have been at least nine vessels placed on subjects on the voyage charter market over the past two weeks making the trans-Atlantic voyage from the USGC to Europe, six Suezmaxes and four Aframaxes, according to S&P Global Platts data.

Aframaxes are typically used to carry crude across the Atlantic to Europe; however, recent...

http://blogs.platts.com/2018/09/18/loop-larger-suezmaxes-usgc-europe-aframax-rates/

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