Clean

LR2

The TC1 75kt MEG/Japan index climbed 18.88 points this week to WS509.44. A voyage west also freighted up this week with the TC20 90kt MEG/UK-Continent index going from $9.38 million to $9.93 million.

The TC15 80kt Mediterranean/East index dropped a modest $37,000 to $4.32 million mark this week, with the corresponding TCE at just over $20,300/day on Baltic description round trip.

 

LR1

 

The TC5 55kt MEG/Japan index also rose this week adding 18.75 points to WS528.13.

A run west on TC8 65kt MEG/UK-Continent saw the index drop $21,385 to $8.26 million.

 

MR

 

The TC17 35kt MEG/East Africa index rose from WS542.14 to WS554.22 mid-week, to then return back down to WS540 at time of writing.

On the UK-Continent, MR freight came down again this week. The TC2 37kt ARA/US-Atlantic Coast dropped 11.25 points and is currently pegged at WS125.31, with the Baltic TCE for the round trip now at $4,355/day.

In the US Gulf, MR freight levels continued downward this week. The TC14 38kt US Gulf/UK-Continent index lost 12.86 points to WS137.14. The Baltic round trip TCE for the run is now at $7,673/day. The Caribbean voyage on TC21, 38kt US-Gulf/Caribbean dropped off by $32,143 this week to $553,571 with the corresponding TCE dropping to its current $10,700/day on Baltic description.

The MR Atlantic Triangulation Basket TCE went from $20,244/day to $16,836/day.

 

Handymax

 

In the Mediterranean, Handymax rates looked to have reached a floor this week with the TC6, 30kt Cross-Mediterranean index flat at WS170, translating to $14,378/day on Baltic TCE round trip.

The TC23 30kt Cross UK-Continent lost 16.94 points and is currently marked at WS187.5 giving $15,229/day on Baltic TCE round trip.

 

VLCC

 

The panellist assessment for the TD3C route (270,000mt Middle East Gulf to China) dropped dramatically this week with the index down 33% to WS318.89, which corresponds to a daily round-trip TCE at close to $313,000 for the standard Baltic VLCC. TD34 (Gulf of Oman/China) was assessed at the end of the week at WS220, this is 24 points down on last Friday.

In the Atlantic market, the rate for the 260,000mt West Africa to China route (TD15) dipped modestly this week, from WS193.75 to WS188.44, giving a round voyage TCE of $165,289, while the US Gulf to China route (TD22) rose $238,889 to $21,361,111 which gives a daily round trip TCE of just over $146,600.

 

Suezmax

 

In the Suezmax sector, the rate for the 130,000mt Nigeria/UK Continent voyage (TD20) trip rose around 56 points to WS238.61 which translates into a daily round-trip TCE of $115,400. The TD27 route (Guyana to UK Continent basis 130,000mt) also rose from WS168 to WS234, giving a daily round trip TCE of just over $114,000. The Baltic route of 145,000mt USG/UKC (TD33), climbed 54 points to the WS198 level.

In the Black Sea, rates for the TD6 route of 135,000mt CPC/Augusta firmed to WS266, meaning a daily TCE of $169,700.

 

Aframax

 

In the North Sea, the rate for 80,000mt Cross-UK Continent route (TD7) rose a marginal 5 points to the WS145 mark, giving a daily round-trip TCE of close to $47,400 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000mt Cross-Mediterranean (TD19) came off by another 33.28 points to WS153.5, basis Ceyhan to Lavera, this shows a daily round trip TCE of just over $33,240.

Across the Atlantic, the market has firmed this week. The 70,000mt East Coast Mexico/US Gulf route (TD26) rose from WS174.72 to the WS193.06 level giving a daily round-trip TCE of about $41,300. The 70,000mt Covenas/US Gulf route (TD9) climbed from WS169 to WS191 (translating into a daily round trip TCE of just over $42,100).

The rate for the transatlantic route of 70,000mt US Gulf/UK Continent (TD25) added 28.33 points, taking the index up to WS191.94 which gives a round trip TCE basis Houston/Rotterdam of just over $40,513/day.

On the Vancouver exports, the TD28 (80,000mt crude oil Vancouver to China) was generally flat, climbing $80,000 end of this week to $3,130,000 (giving a round trip TCE of about $47,300/day) while TD29 (80,000mt crude oil Vancouver to Pacific Area Lightering point off the USWC) added 4.5 points to WS230.5.