Clean

LR2

The TC1 75kt MEG/Japan index dropped 11 points this week to WS501 this week. A voyage west ticked up this week with the TC20 90kt MEG/UK-Continent index going from $9.91 million to $10.11 million.

The TC15 80kt Mediterranean/East index continued its downward track to $4.31 million this week (-$124,000) with the corresponding TCE at just over $18,200/day on Baltic description round trip.

 

LR1

 

The TC5 55kt MEG/Japan index also dropped off 17.5 points this week to WS524.

A run west on TC8 65kt MEG/UK-Continent saw the index climb up $307,000 to $8.57 million.

 

MR

 

The TC17 35kt MEG/East Africa index remained at its WS730 level for another week.

On the UK-Continent, MR freight bobbed up and down this week. The TC2 37kt ARA/US-Atlantic Coast hovered and ultimately climbed 9 points and currently sits at WS143, with the Baltic TCE for the round trip now at $4,900/day.

In the US Gulf, MR freight levels spiked and then fell again this week. The TC14 38kt US Gulf/UK-Continent peaked at WS315 to then return back down to WS250 at time of writing. The Baltic round trip TCE for the run is now at $28,100/day after reaching $40,000/day mid-week. The Caribbean voyage on TC21, 38kt US-Gulf/Caribbean dropped off by $203,000 this week to $1.04 million with the corresponding TCE dropping to its current mark of $37,700/day on Baltic description.

The MR Atlantic Triangulation Basket TCE went from $41,000/day to $36,400/day.

 

Handymax

 

In the Mediterranean, Handymax rates looked to have reached a floor with the TC6, 30kt Cross-Mediterranean index currently pegged at WS189, translating to $17,100/day on Baltic TCE round trip.

The TC23 30kt Cross UK-Continent held flat in the WS220's this week still giving $22,200/day on Baltic TCE round trip.

 

VLCC

 

The Baltic panellists now assess the rate for the TD3C route (270,000mt Middle East Gulf to China) around the same levels as a week ago, at WS401.94, which corresponds to a daily round-trip TCE at close to $402,500 for the standard Baltic VLCC. TD34 (Gulf of Oman/China) was assessed on Thursday at WS132.60, about 3 points down on last Friday.

In the Atlantic market, the rate for the 260,000mt West Africa to China route (TD15) marginally firmed, rising from WS118.19 to WS120.44 giving a round voyage TCE of $89,358, while the US Gulf to China route (TD22) dropped $100,000 to $15,850,000 which gives a daily round trip TCE of just over $96,800.

 

Suezmax

 

In the Suezmax sector the rate for the 130,000mt Nigeria/UK Continent voyage (TD20) trip rose about 10 points to WS158 which translates into a daily round-trip TCE of $62,851. The TD27 route (Guyana to UK Continent basis 130,000mt) was also firmer, rising from WS142.5 to WS155, giving a daily round trip TCE of just over $62,700. The Baltic route of 145,000mt USG/UKC (TD33), remained around the WS138 level.

In the Black Sea, rates for the TD6 route of 135,000mt CPC/Augusta dropped 1.5 points to WS215.67, meaning a daily TCE of $121,049.

 

Aframax

 

In the North Sea, the rate for 80,000mt Cross-UK Continent route (TD7) dropped 3 points to fractionally below the WS150 mark, giving a daily round-trip TCE of close to $45,900 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000mt Cross-Mediterranean (TD19) receded by about 25 points to just above WS203, basis Ceyhan to Lavera this shows a daily round trip TCE of just over $55,000.

Across the Atlantic, the market has significantly retracted. The 70,000mt East Coast Mexico/US Gulf route (TD26) fell from WS273 to the WS217-218 level, giving a daily round-trip TCE of about $47,100. The 70,000mt Covenas/US Gulf route (TD9) dropped from WS263 to WS212.5 (translating into a daily round trip TCE of just over $46,500).

The rate for the transatlantic route of 70,000mt US Gulf/UK Continent (TD25) has fallen 55 points to WS217.78 which gives a round trip TCE basis Houston/Rotterdam of just below $39,200/day.

On the Vancouver exports, the rate for TD28 (80,000mt crude oil Vancouver to China) has continued to fall, losing almost $100,000 over the course of this week to $3,140,000 (giving a round trip TCE of about $45,100/day) while TD29 (80,000mt crude oil Vancouver to Pacific Area Lightering point off the USWC) shrunk by 21 points to WS235.