Tanker Report

Gibsons Tanker Report : Rates Has Started To Rebound After A Busy Week

Credit: Fredrick F. on Unsplash

Following on from last month’s release of the IEA Net Zero (NZE) 2050 report, the publishing of its World Energy Outlook (WEO) 2023 provides a glimpse into when oil demand may peak based on the Stated Policy Scenario (STEPS) framework, which is based on the current trajectory of global decarbonisation policy and is less pessimistic in its demand outlook.

However, it is important to note that it is just one of three alternative forecast scenarios and contrasts with...

https://mfame.guru/gibsons-tanker-report-rates-has-started-to-rebound-after-a-busy-week/

Fearnleys Tanker Report : TD22 Route Pushed Up Through The 10 Mill Mark

Credit: Engine/unsplash
VLCC

As we have seen time and time again, the Atlantic market has been the driver of rates pushing numbers further into the black for VLCC owners. This week is no different as the benchmark TD22 route pushed up through the 10mill mark. Natural candidates for the mid-November cargoes ex USG remain limited and have helped the other markets rise accordingly. The MEG November program hit the ground running on Monday. The position lists are looking a little more ample later in...

https://mfame.guru/fearnleys-tanker-report-td22-route-pushed-up-through-the-10-mill-mark/

Weekly Tanker Report – Week 37,2023

Credits: Natalya-letunova-unsplash
LR2

LR2 freight levels in the MEG rose optimistically early on this week only to then come to a halt. TC1 topped out at WS145 up from WS136 to then resettle at WS142.78 at time of writing. At the WS145 mark the Baltic TCE ticked over the $30,000/day round trip. Meanwhile a run to the UK-Continent on TC20 gradually hopped up from $3,810,000 to $3,950,000.West of Suez, Mediterranean/East LR2’s saw the TC15 index for second week on week continue along in the low...

https://mfame.guru/weekly-tanker-report-week-372023/

Weekly Tanker Report – Week 34,2023

Credits: Natalya-letunova-unsplash
LR2

LR2’s in the MEG have simmered along this week with just enough enquiry to prevent freight levels degrading. TC1 has hovered around the WS130-135 mark (a Baltic TCE of around $27,000/day). Meanwhile a run to the UK-Continent on TC20 also bubbled up and down around the $3.6-3.8m level, with the round trip TCE around the $30,000/day mark.

West of Suez, Mediterranean/East LR2’s saw a $112,000 improvement on TC15 taking the index up over $2.9m and the round trip...

https://mfame.guru/weekly-tanker-report-week-342023/

Weekly Tanker Report – Week 33,2023

Credit: Petrobras

LR2’s in the MEG, after hitting the floor this week, began to optimistically resurge. TC1 is currently sitting at WS132.22 (+11.11) after WS130 has been reported as fixed several times. A run to the UK-Continent on TC20 also improved, seeing the index hop up $287,500 to $3,667,750 ($28,400/day Baltic vessel round trip TCE).

West of Suez, Mediterranean/East LR2’s continued along sluggishly this week. The TC15 index lost $45,000 to $2,770,833.

 LR1

In the MEG, LR1’s also took a turn...

https://mfame.guru/weekly-tanker-report-week-332023/

Weekly Tanker Report Week 7, 2023

Credit: behzad-bisadi–unsplash

Baltic Exchange has issued the tanker report for the 7th week of this year. The report of 17 Feb 2023 provides valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

Clean

In the Middle East Gulf, LR2s have been leading the charge this week with consistently firming sentiment throughout. TC1 has surged 59.94 points to WS184.38 (a 48% rise) and a TC20 run west climbed $917,000 to $4,550,000. LR1s have been following their...

https://mfame.guru/weekly-tanker-report-week-7-2023/

Fearnleys Weekly Report – Week 51, 2022

Credits: Venti Views/Unsplash

Fearnpulse summarizes the weekly tanker report for the 51st week of 2022.

VLCC

A negative swing for VLCC owners this past week, as rates have taken a 10-point dive across the board. A couple of deals done on ships that only have to calculate one leg (i.e., sold and delivered at the completion of discharge). Nonetheless, each enquiry received a dozen offers, and therefore each fixture will have 11 or so disappointed candidates. “Special reasons” or not the market is...

https://mfame.guru/fearnleys-weekly-report-week-51-2022/

Weekly Tanker Report – Week 36, 2022

Baltic Exchange has issued the tanker report for the 36th week of this year. The report of 09th September 2022 provides valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

Clean

For the Middle East clean market it has been muted compared to last week. TC1 saw marginal gains over the week to WS280 (a TCE of $63676 per day). A similar run on the LR2 going west, TC20, rose by just over $140k per day ending at $543,333 per day.

TC15 Skikda-Japan on the LR2s...

https://mfame.guru/weekly-tanker-report-week-36-2022/

Weekly Tanker Report – Week 11, 2021

The Baltic Briefing has issued the tanker report for the 11thweek of this year. The report dated 19thMarch 2021 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

Rates have firmed slightly in the Atlantic and remain unmoved in the Middle East.

280,000mt Middle East to US Gulf trip rates

For the 280,000mt Middle East to US Gulf trip (routing via the Cape/Cape), rates again continue to be assessed at the WS18-18.5 level. 

270,000mt to...

https://mfame.guru/weekly-tanker-report-week-11-2021/

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