Clean

LR2

The TC1 75kt MEG/Japan index dipped to WS345 this week to then return back to its previous WS360 level. A voyage west dropped in value again this week with the TC20 90kt MEG/UK-Continent index going from $8.15 million to $7.94 million.

In Europe the TC15 80kt Mediterranean/East index came off by a modest $70,000 this week to $4.23 million, seeing the corresponding TCE at just over $20,200/day on Baltic description round trip.

LR1

The TC5 55kt MEG/Japan index followed the pattern of the LR2s with the index falling to WS336 then back up to WS359 at time of writing. A run west on TC8, 65kt MEG/UK-Continent saw the index drop another $764,000 to $5.46 million.

MR

The TC17 35kt MEG/East Africa index fell from WS514 to WS417 this week, this took the Baltic TCE for the run to $46,900/day round trip. On the UK-Continent, MR freight saw a gradual improvement again this week. The TC2 37kt ARA/US-Atlantic Coast rose 11.56 points to its current mark of WS142, with the Baltic TCE for the round trip now at $6,500/day.

Over the Atlantic, US Gulf MR freight levels tracked up modestly this week with the TC14 38kt US Gulf/UK-Continent index adding 15 points to WS251.

The Baltic round trip TCE for the run is now at $29,800/day. The Caribbean voyage on TC21, 38kt US Gulf/Caribbean saw a $64,000 increase to $1.26 million this week with the corresponding TCE rising to its current $52,000/day on Baltic description. The MR Atlantic Triangulation Basket TCE went from $34,200/day to $38,200/day.

Handymax

In the Mediterranean, Handymax rates remained flat this week with the TC6, 30kt Cross-Mediterranean index resolute at the WS165 level or thereabouts. The TC23 30kt Cross UK-Continent also remained relatively flat and is currently marked at WS177, giving $11,300/day on Baltic TCE round trip.

VLCC

With the restart of hostilities, rates for VLCCs from the Middle East have climbed. The rate for the TD3C route (270,000mt Middle East Gulf to China) is now assessed 48 points higher than last Friday at WS345, which corresponds to a daily round-trip TCE at $344,250 for the standard Baltic VLCC. TD34 (Gulf of Oman/China) was assessed on Thursday 16 points higher at WS176, giving a round-trip TCE of over $160,600/day.

In the Atlantic market, the rate for the 260,000mt West Africa to China route (TD15) regained 19 points to WS168.25 giving a round voyage TCE of $145,826, while the US Gulf to China route (TD22) lost almost $296,000 to $17,416,668 which gives a daily round trip TCE of just over $115,100.

Suezmax

In the Suezmax sector the rate for the 130,000mt Nigeria/UK Continent voyage (TD20) trip lost ground (while still firm), losing 8 points to WS233.06 which translates into a daily round-trip TCE of $111,209. The TD27 route (Guyana to UK Continent basis 130,000mt) similarly lost 8 points to the WS234 level, giving a daily round trip TCE of just under $113,800. The Baltic route of 145,000mt USG/UKC (TD33), weakened by about 5 points to WS191.11.

In the Black Sea, rates for the TD6 route of 135,000mt CPC/Augusta were reduced by about 6 points to the WS276-277 range, which shows a daily round-trip TCE of just over $181,200.

Aframax

In the North Sea, the rate for the 80,000mt Cross-UK Continent route (TD7) firmed slightly from WS135 to WS141.42, giving a daily round-trip TCE of over $41,000 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000mt Cross-Mediterranean (TD19) powered up 58 points to over WS217.5, basis Ceyhan to Lavera, this shows a daily round trip TCE of almost $65,900.

Across the Atlantic, the market rates have firmed, with shorter voyages not so much as the longer voyages. The 70,000mt East Coast Mexico/US Gulf route (TD26) rose 5 points to the WS187 level giving a daily round-trip TCE of about $36,700. The 70,000mt Covenas/US Gulf route (TD9) gained 6 points to over WS182.5 (translating into a daily round trip TCE of just over $37,800).

The rate for the transatlantic route of 70,000mt US Gulf/UK Continent (TD25) recovered 20 points to WS190 which gives a round trip TCE basis Houston/Rotterdam of close to $39,000/day.

On the Vancouver exports, the TD28 (80,000mt crude oil Vancouver to China) was a little softer, losing $95,000 over the week to $3,140,000 (giving a round trip TCE of about $48,600/day) while TD29 (80,000mt crude oil Vancouver to Pacific Area Lightering point off the USWC) remained flat at WS241.