Clean

LR2

The TC1 75kt MEG/Japan index increased by 41.67 points this week to WS875.56, with the corresponding Baltic round-trip TCE rising from $237,000/day to $252,100/day.

On a trip west the TC20 90kt MEG/UK-Continent index increased by $662,500 to $17.27 million. The TC15 80kt Mediterranean/East index increased by $336,000 to $7.73 million, with the corresponding Baltic round-trip TCE rising from $53,400/day to $59,600/day.

LR1

The TC5 55kt MEG/Japan index increased by 40.31 points this week to WS890, with the corresponding Baltic round-trip TCE rising from $171,700/day to $182,300/day. Heading towards Europe, the TC8 65kt MEG/UK-Continent index increased by approximately $829,000 to $12.03 million.

MR

The TC17 35kt MEG/East Africa index increased by 99.29 points this week to WS847.86, with the corresponding Baltic round-trip TCE rising from $91,700/day to $107,500/day. On the UK-Continent, the TC2 37kt ARA/US Atlantic Coast index increased incrementally by 11.67 points to WS161.11 this week.

The corresponding Baltic round-trip TCE rose from $1,350/day to $4,202/day. In the US Gulf, the TC14 38kt US Gulf/UK-Continent index climbed by 22.86 points to WS254.29. The corresponding Baltic round-trip TCE rose from $20,600/day to $25,800/day. For a run down to the Caribbean, the TC21 38kt US Gulf/Caribbean index increased by $110,700 to $785,700, with the corresponding Baltic TCE rising from $14,100/day to $21,100/day.

The MR Atlantic Triangulation Basket TCE increased from $28,400/day to $34,800/day.

Handymax

In the Mediterranean, the TC6 30kt Cross-Mediterranean index increased by 64.83 points to WS250. The corresponding Baltic round-trip TCE rose from $10,400/day to $29,100/day. The TC23 30kt Cross UK-Continent index increased by 22.78 points to WS251.11. The corresponding Baltic round-trip TCE rose from $18,800/day to $26,000/day.

VLCC

This week has seen the rates soften slightly in the Middle East market for the VLCCs. The TD3C route (270,000 mt Middle East Gulf to China) eased from WS1,165 last Friday to WS1,157.5 on Thursday. This gives a daily round-trip TCE of $1,235,414 for the standard Baltic VLCC. TD34 (Gulf of Oman to China) slipped about 6 points to WS797.86 in the same period, meaning a round-trip TCE of $864,698/day.

In the Atlantic market, the rate for the 260,000 mt West Africa to China route (TD15) shed 22 points to WS511.88, giving a round voyage TCE of $507,060/day, while the US Gulf to China route (TD22) gained another $500,000 to just over $52,500,000, which gives a daily round trip TCE of $407,100.

Suezmax

In the Suezmax sector, the market is also softer for all the Baltic routes. The rate for the 130,000 mt Nigeria/UK Continent voyage (TD20) dropped 18 points to WS435, which translates into a daily round-trip TCE of about $228,400.

The TD27 route (Guyana to UK Continent basis 130,000 mt) fell slightly further, losing 27 points to just shy of WS437, giving a daily round trip TCE of about $232,800. The 145,000 mt USG/UKC (TD33) similarly lost 26 points to WS365.83, which gives a round-trip TCE of just over $225,700/day. In the Black Sea, the market remains around the WS500 mark for the TD6 route of 135,000 mt CPC/Augusta, which shows a daily round-trip TCE of about $368,000.

Aframax

In the North Sea, the rate for the 80,000 mt Cross-UK Continent route (TD7) took a large step up, gaining 112.5 points to WS416.67, showing a daily round-trip TCE of close to $306,600 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000 mt Cross-Mediterranean (TD19) made big gains again, rising 132 points to WS557.78, basis Ceyhan to Lavera this shows a daily round trip TCE of about $289,400.

Across the Atlantic, the rollercoaster ride is back in operation, with significant gains made on an already firm market. The 70,000 mt East Coast Mexico/US Gulf route (TD26) rose 64 points to about the WS505 level (which is a daily round-trip TCE of just over $160,800). The 70,000 mt Covenas/US Gulf route (TD9) also gained 64 points to WS495, translating into a daily round trip TCE of about $147,800.

The rate for the trans-Atlantic route of 70,000 mt US Gulf/UK Continent (TD25) improved more than the shorter hauls, rising 113 points to over WS557.5, which gives a round trip TCE basis Houston/Rotterdam of almost $165,100.

On the Vancouver exports, TD28 (80,000 mt crude oil Vancouver to China) rose by over $100,000 to just over $7,800,000 (giving a round trip TCE of just under $151,800/day) while TD29 (80,000 mt crude oil Vancouver to Pacific Area Lightering point off the US West Coast) gained a further 15 points to WS467.5.