Clean
LR2LR’s in the MEG have undoubtedly been busy this week. Freight levels have as a result risen consistently throughout the week. TC1 added 8.89 points leaving the index currently at WS149.72 with the Baltic TCE for the run firmly back up over the $30,000/day. For a trip west on a TC20 we have seen the index rise $175,000 to over the $4,000,000 level with reports of $4,100,000 currently on subjects in the market.
West of Suez, Mediterranean/East LR2’s on...
Holidays across the globe have failed to put a damper on the dry market as capesize continued to soar last week with period estimates for 6 months reaching $35,000/pdpr.
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Source: CapitalLinkShippi...
The Baltic Briefing has issued the tanker report for the 10th week of this year. The report dated 12th March 2021 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCCMiddle East region rates
Overall rates slipped further downwards, for the Middle East region 280,000mt to US Gulf via the Cape/Cape routing continues to be assessed at WS18-18.5 level.
270,000mt to China
Rates for 270,000mt to China eased another 1.5 points to WS28-28.5...
The Baltic Briefing has issued the tanker report for the 36th week of this year. The report dated 4th September 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCCMiddle East market
The Middle East market again eased slightly with rates for 270,000mt AG/China falling 4.5 points to WS25.
US Gulf
While for 280,000mt to USG via the cape/cape routing rates are assessed 1.5 points lower at WS18 level.
Atlantic
In the Atlantic, another quiet...