Tanker Report

Tanker Report – Week 1

A relatively quiet start to 2021. On the new 2021 Worldscale schedule, flat rates fell about 17%. To compensate, fixing rates reflected an upward adjustment on the first working day of the year, but have since eased, reports Baltic Exchange.

VLCC

In the Middle East, 280,000mt to US Gulf via the Cape/Cape routing is assessed almost a point down at WS21 level, while 270,000mt to China is rated two points lower since Monday at WS40.5. In the Atlantic, rates for 260,000mt West Africa to China fell...

https://mfame.guru/tanker-report-week-1/

VLCC & Clean Rates Remain Static in the Weekly Tanker Market

The Baltic Briefing has issued the tanker report for the 51st week of this year. The report dated 18th December 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

Rates in this sector were mostly static.

In the Middle East 280,000mt to US Gulf via the Cape/Cape routing remain around WS17.5, while 270,000mt to China saw a few fixtures early on at WS34, then WS34.5 and up to WS35 which is where rates are now assessed. There are...

https://mfame.guru/vlcc-clean-rates-remain-static-in-the-weekly-tanker-market/

VLCC Witness Marginal Rise Amid Steady Aframax Market

The Baltic Briefing has issued the tanker report for the 50thweek of this year. The report dated 11thDecember 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

Rates in this sector marginally improved then lost a little ground late in the week. In the Middle East 280,000mt to US Gulf via the Cape/Cape routing levelled at WS17.5, while 270,000mt to China rose a couple of points early on to nearly WS35 then eased to WS34 level.

In...

https://mfame.guru/vlcc-witness-marginal-rise-amid-steady-aframax-market/

VLCC Earnings Continue To Rise Amid Tumbling Suezmax Rates

The Baltic Briefing has issued the tanker report for the 49thweek of this year. The report dated 04thDecember 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

VLCC rates rose again this week, albeit modestly, which translates into an uplift in time-charter equivalent (TCE) earnings of between 45-50% in the Middle East and West Africa.

Rates firmed 2.5 points to WS31 (about $11,500 per day) for 270,000mt ME Gulf to China, while...

https://mfame.guru/vlcc-earnings-continue-to-rise-amid-tumbling-suezmax-rates/

Weekly Tanker Report – Week 44, 2020

The Baltic Briefing has issued the tanker report for the 44thweek of this year. The report dated 30th October 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

Another difficult week for owners saw rates fail to gain any traction. There was talk midweek of 280,000mt fixed west at WS17.5, but thereafter the market Middle East Gulf to US Gulf via the Cape/Cape routing softened and is now assessed at a shade above WS15.

  • In the...

https://mfame.guru/weekly-tanker-report-week-44-2020/

Weekly Tanker Report – Week 41, 2020

The Baltic Briefing has issued the tanker report for the 41st week of this year. The report dated 09th October 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

Another week of mostly static rates. There were no changes in rates or sentiment in the Middle East with 280,000mt to USG via the Cape/Cape routing remaining assessed at a shade above WS17 and 270,000mt to China hovering around WS26.5.

In the Atlantic, rates for 260,000mt...

https://mfame.guru/weekly-tanker-report-week-41-2020/

Weekly Tanker Report – Week 39, 2020

The Baltic Briefing has issued the tanker report for the 39th week of this year. The report dated 25th September 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

Owners again faced another week of downward pressure across the board.

In the Middle East there has been more Contract of Affreightment nominations than fixing on spot market tonnage this week, which hasn’t had any real effect on the list of available vessels.

  • Rates for...

https://mfame.guru/weekly-tanker-report-week-39-2020/

Weekly Tanker Report – Week 38, 2020

The Baltic Briefing has issued the tanker report for the 38th week of this year. The report dated 18th September 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

Another lacklustre week has seen a slight downturn in rates for most of the routes.

  • The Middle East market has seen rates drop two to three points as 270,000mt AG/China is now W35, while 280,000mt to USG via the cape/cape routing is assessed at a shade under WS19.
  • In...

https://mfame.guru/weekly-tanker-report-week-38-2020/

Weekly Tanker Report – Week 24, 2020

The Baltic Briefing has issued the tanker report for the 24thweek of this year. The report dated 12thJune 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC
  • Another quiet week for the spot market in the Atlantic and Middle East, with owners unable to make much headway on rates.
  • In the Middle East, rates for 270,000mt to China have bounced around WS60 level – up from last week’s WS57.5.
  • Rates for 280,000mt to USG via cape/cape...

https://mfame.guru/weekly-tanker-report-week-24-2020/

Weekly Tanker Report – Week 16, 2020

The Baltic Briefing has issued the tanker report for the 16th week of this year. The report dated 17th April 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

Activity in the Middle East has slowed while owners await the May program. Rates have continued to come under downward pressure and WS167.5 was agreed for 270,000mt to the East, but we understand this has now failed.

Currently the market is assessed at around WS150, with...

http://mfame.guru/weekly-tanker-report-week-16-2020/

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