Clean

LR2

The TC1 75kt MEG/Japan index remained stable this week around the WS525-530 mark.

A voyage west also saw the TC20 90kt MEG/UK-Continent index also continued around the $10.25-10.3 million level.

The TC15 80kt Mediterranean/East index came down a further 21% this week to $5.95 million with the corresponding TCE dropping to $39,000/day on Baltic description round trip.

LR1

The TC5 55kt MEG/Japan index was also ultimately assessed 15 points lower this week to WS555.

A run west on TC8 65kt MEG/UK-Continent saw the index $200,000 lighter at the end of week at $8.27 million.

MR

The TC17 35kt MEG/East Africa index stayed relatively flat this week continuing at the WS725-730 level or $90,000/day on Baltic description round trip TCE.

On the UK-Continent, MR freight suffered from downward pressure again this week. The TC2 37kt ARA/US-Atlantic Coast index published 19 points down from last week at WS159, with the Baltic TCE for the round trip now at $7,400/day.

In the US Gulf, MR freight levels managed to recover this week. The TC14 38kt US Gulf/UK-Continent ticked up 35 points to WS195 with the Baltic round trip TCE for the run up now to $16,000/day. The Caribbean voyage on TC21, 38kt US-Gulf/Caribbean also moved up 59% from last week to $807,000 with the corresponding TCE climbing by $18,000/day to its current level $22,800/day on Baltic description.

The MR Atlantic Triangulation Basket TCE went from $22,116/day to $27,509/day.

Handymax

In the Mediterranean, Handymax rates took a 70 point hit this week with the TC6, 30kt Cross-Mediterranean index marked down to WS267, translating to $38,000/day on Baltic TCE round trip.

The TC23 30kt Cross UK-Continent also dropped to WS291 this week (-23) still giving $42,000/day on Baltic TCE round trip.

VLCC

Sentiment in the VLCC market is softer this week. The Baltic panellists now assess the rate for the TD3C route (270,000mt Middle East Gulf to China) 5 points lower than last Friday at WS391.88, which corresponds to a daily round-trip TCE of $389,536 for the standard Baltic VLCC. TD34 (Gulf of Oman/China) was assessed on Thursday at WS132.8, almost 3 points up on last Friday.

In the Atlantic market, the rate for the 260,000mt West Africa to China route (TD15) has been reduced by almost 6 points this week, at WS124, giving a round voyage TCE of about $91,300, while the US Gulf to China route (TD22) eased $85,000 to just above the $17,000,000 mark which gives a daily round trip TCE of just over $105,000.

Suezmax

In the Suezmax sector the rate for the 130,000mt Nigeria/UK Continent voyage (TD20) trip fell 15 points this week to WS160 which translates into a daily round-trip TCE of $62,760. The TD27 route (Guyana to UK Continent basis 130,000mt) lost about 12 points to just below WS169, giving a daily round trip TCE of about $69,100. The Baltic route of 145,000mt USG/UKC (TD33), is again weaker, losing 6 points to just below WS159.

In the Black Sea, rates for the TD6 route of 135,000mt CPC/Augusta slackened by 5 points to WS221.5, meaning a daily TCE of about $124,900.

Aframax

In the North Sea, the rate for 80,000mt Cross-UK Continent route (TD7) fell by 16 points to just below WS160, giving a daily round-trip TCE of about $54,200 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000mt Cross-Mediterranean (TD19) remained flat at the WS173.5-175 mark (basis Ceyhan to Lavera, this shows a daily round trip TCE of just over $37,100).

Across the Atlantic, the market continued to bump downwards. The 70,000mt East Coast Mexico/US Gulf route (TD26) fell again, losing 32 points to WS212.78 giving a daily round-trip TCE of about $43,500. The 70,000mt Covenas/US Gulf route (TD9) also lost 32 points to WS207.19 (translating into a daily round trip TCE of $41,599).

The rate for the transatlantic route of 70,000mt US Gulf/UK Continent (TD25) has fallen by nearly 33 points this week to WS192.5 which gives a round trip TCE basis Houston/Rotterdam of about $36,000/day.

On the Vancouver exports, the rate for TD28 (80,000mt crude oil Vancouver to China) has tumbled by $450,000 this week to $3,670,000 (giving a round trip TCE of about $56,800/day) while TD29 (80,000mt crude oil Vancouver to Pacific Area Lightering point off the USWC) shrunk by 23 points to WS309.