Clean

LR2

The TC1 75kt MEG/Japan index lost 6 points this week to WS492.

A voyage west also freighted down this week with the TC20 90kt MEG/UK-Continent index going from $10.1 million to $9.31 million.

The TC15 80kt Mediterranean/East index appears to have bottomed out around the $4.3 million mark this week, with the corresponding TCE at just over $22,000 /day on Baltic description round trip.

LR1

The TC5 55kt MEG/Japan index also came off another 8.12 points this week to WS511.

A run west on TC8 65kt MEG/UK-Continent saw the index drop $357,000 to $8.28 million.

MR

The TC17 35kt MEG/East Africa index dropped a 187 point chunk this week and currently sits at WS542.

On the UK-Continent, MR freight ticked down gently this week. The TC2 37kt ARA/US-Atlantic Coast dropped 6 points and currently sits at WS136, with the Baltic TCE for the round trip now at $6,000/day.

In the US Gulf, MR freight levels crashed this week. The TC14 38kt US Gulf/UK-Continent index lost 19 points to WS152. The Baltic round trip TCE for the run is now at $10,300 /day. The Caribbean voyage on TC21, 38kt US-Gulf/Caribbean dropped off by 37% this week to $603,000 with the corresponding TCE dropping to its current $13,500 /day on Baltic description.

The MR Atlantic Triangulation Basket TCE went from $33,900/day to $20,300/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 panellist assessment for the TD3C route (270,000 mt Middle East Gulf to China) climbed this week with the index now up to WS450.56, which corresponds to a daily round-trip TCE at close to $461,000 for the standard Baltic VLCC. TD34 (Gulf of Oman/China) was assessed on Thursday at WS218, about 73 points up on last Friday.

In the Atlantic market, the rate for the 260,000mt West Africa to China route (TD15) firmed again this week, rising from WS124.13 to WS182.81 giving a round voyage TCE of $161,594, while the US Gulf to China route (TD22) rose $2,677,778 to $19,566,000 which gives a daily round trip TCE of just over $133,000.

Suezmax

In the Suezmax sector the rate for the 130,000 mt Nigeria/UK Continent voyage (TD20) trip rose circa 11 points to WS169 which translates into a daily round-trip TCE of $73,100. The TD27 route (Guyana to UK Continent basis 130,000mt) also improved, rising from WS156 to WS163, giving a daily round trip TCE of just over $70,700. The Baltic route of 145,000 mt USG/UKC (TD33), climbed a modest 1.67 points to WS140 level.

In the Black Sea, rates for the TD6 route of 135,000mt CPC/Augusta remained flat at the WS215 level, meaning a daily TCE of $125,176.

Aframax

In the North Sea, the rate for 80,000mt Cross-UK Continent route (TD7) dropped a marginal 7.92 points to the WS140 mark, giving a daily round-trip TCE of close to $40,600 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000mt Cross-Mediterranean (TD19) dipped by another 14 points to WS187, basis Ceyhan to Lavera this shows a daily round trip TCE of just over $50,300.

Across the Atlantic, the market has softened again this week. The 70,000mt East Coast Mexico/US Gulf route (TD26) fell from WS192 to the WS173 level giving a daily round-trip TCE of about $32,000. The 70,000mt Covenas/US Gulf route (TD9) dropped from WS189 to WS167 (translating into a daily round trip TCE of just over $32,700).

The rate for the trans-Atlantic route of 70,000mt US Gulf/UK Continent (TD25) fell 20 points to WS163.89 which gives a round trip TCE basis Houston/Rotterdam of just over $30,100 per day.

On the Vancouver exports, the TD28 (80,000mt crude oil Vancouver to China) saw freight levels soften again, losing $40,000 end of this week to $3,130,000 (giving a round trip TCE of about $48,200 per day) while TD29 (80,000mt crude oil Vancouver to Pacific Area Lightering point off the USWC) lost 7 points to WS228.