Tanker Report

Weekly Tanker Report – Week 14, 2020

The Baltic Briefing has issued the tanker report for the 14th week of this year. The report dated 03rd April 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

Activity in the Middle East continued apace with owners firmly in the driving seat.

  • The 280,000mt to the US Gulf via the Cape to Cape routing is rated at around WS 140. This is after peaking at WS145 region, up just over 27 points from a week ago.
  • A 270,000mt to China was...

http://mfame.guru/weekly-tanker-report-week-14-2020/

Weekly Tanker Report – Week 12, 2020

The Baltic Briefing has issued the tanker report for the 12th week of this year. The report dated 20th March 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

After the Saudis lifted subjects on nearly all their VLCC in-charters last week, there seemed to be an activity vacuum, with only a few other fixtures being concluded, whilst charterers waited for the natural gravity effect of sentiment driven rises.

  • In the Middle East,...

http://mfame.guru/weekly-tanker-report-week-12-2020/

Weekly Tanker Report – Week 8, 2020

The Baltic Briefing has issued the tanker report for the 8th week of this year. The report dated 21st February 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

The market in the Middle East was again static, with the uncertainties caused by the ongoing effect of Coronavirus.

  • Rates for 270,000mt to China loitered at WS42.5, while 280,000mt to the US Gulf via the Cape/Cape routing is stuck at WS30.
  • In the Atlantic region rates for...

http://mfame.guru/weekly-tanker-report-week-8-2020/

Weekly Tanker Report – Week 7, 2020

The Baltic Briefing has issued the tanker report for the 7th week of this year. The report dated 14th February 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

The market in the Middle East was unmoved this week, with Chinese refiners continuing to slow imports, allied with the impact of the Coronavirus and the return of the previously sanctioned Cosco tonnage.

  • The list subsequently swelled, allowing the few active charterers to...

http://mfame.guru/weekly-tanker-report-week-7-2020/

Weekly Tanker Report – Week 6, 2020

The Baltic Briefing has issued the tanker report for the 6th week of this year. The report dated 07th February 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

The Middle East market saw a dip further this week, with the deepening impact of the coronavirus outbreak on oil demand from China keeping activity low.

  • Rates for 270,000mt to China fell 12.5 points to the low WS 40s, while 280,000mt to US Gulf (USG) via the Capes came...

http://mfame.guru/weekly-tanker-report-week-6-2020/

Weekly Tanker Report – Week 4, 2020

The Baltic Briefing has issued the tanker report for the 04th week of this year. The report dated 24th January 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

A busier week in the Middle East Gulf led to a slight softening of rates overall. Following an initial and partial recovery, 270,000mt to China had been peaking at WS90, before settling in the very low WS80s.

The 280,000mt to US Gulf (USG) eased a couple of points, to...

http://mfame.guru/weekly-tanker-report-week-4-2020/

Weekly Tanker Report – Week 3 , 2020

The Baltic Briefing has issued the tanker report for the 03rd week of this year. The report dated 17th January 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC
  • A quieter week in the Middle East, alongside falling bunker prices has left owners unable to maintain rate levels. 280,000mt to USG lost around 10 points to WS50 level, while rates for 270,000mt to China weakened 25% to WS85.
  • In the Atlantic, there was a similar scenario...

http://mfame.guru/weekly-tanker-report-week-3-2020/

Weekly Tanker Report – Week 2, 2020

The Baltic Briefing has issued the tanker report for the 02nd week of this year. The report dated 10th January 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC
  • Escalating tensions between the USA and Iran, in addition to a continuing strong market, made for an interesting week, with rates firming 2.5-3 points across the board.
  • A 270,000mt Middle East Gulf to China is now WS125, and 280,000mt to US Gulf, basis Cape/Cape, is...

http://mfame.guru/weekly-tanker-report-week-2-2020/

Weekly Tanker Report – Week 50, 2019

The Baltic Briefing has issued the tanker report for the 50th week of this year. The report dated 13th December 2019 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

Rates for 270,000mt Middle East Gulf (MEG) to China pushed up, from WS100 at the start of the week, to WS112.5. However, they came under pressure mid-week and have now fallen back to WS105.

For 280,000mt to US Gulf Cape/Cape rates have hovered around the WS57.5 level.

For...

http://mfame.guru/weekly-tanker-report-week-50-2019/

Weekly Tanker Report – Week 49, 2019

The Baltic Briefing has issued the tanker report for the 49th week of this year. The report dated 06th December 2019 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

Middle East Gulf rates came under persistent downward pressure early on, although by the end of the week, owners were pushing back.

  • The market for the 270,000mt Middle East Gulf to China dipped to low WS90s, but is now at mid WS90s. This is still down nearly 10 points...

http://mfame.guru/weekly-tanker-report-week-49-2019/

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