Clean

LR2

The TC1 75kt MEG/Japan index dropped significantly this week, losing 143 points to WS361. A voyage west also fell in value this week with the TC20 90kt MEG/UK-Continent index going from $9.75 million to $8.27 million.

In Europe the TC15 80kt Mediterranean/East index remained flat this week, around the $4.33 million to $4.32 million mark, with the corresponding TCE at just over $20,900/day on Baltic description round trip.

 

LR1

 

The TC5 55kt MEG/Japan index also saw a significant drop this week, losing 166 points to WS355. A run west on TC8, 65kt MEG/UK-Continent saw the index drop $1.26 million to $6.82 million.

 

MR

 

The TC17 35kt MEG/East Africa index fell from WS540 to WS515 this week, this took the Baltic TCE for the run to $61,035/day round trip. Up on the UK-Continent, MR freight saw a modest improvement this week.

The TC2 37kt ARA/US-Atlantic Coast climbed 8 points and is currently marked at WS129, with the Baltic TCE for the round trip now at $4,279/day. Across the Atlantic, US Gulf MR freight levels surged this week with the TC14 38kt US Gulf/UK-Continent index adding 90 points to WS237.

The Baltic round trip TCE for the run is now at $27,307/day, up 180% from last week. The Caribbean voyage on TC21, 38kt US-Gulf/Caribbean saw a 101% increase to $1.21 million this week with the corresponding TCE rising to its current $49,233/day on Baltic description. The MR Atlantic Triangulation Basket TCE went from $18,109/day to $34,496/day.

 

Handymax

 

In the Mediterranean, Handymax rates remained level this week with the TC6, 30kt Cross-Mediterranean index continuing around the high WS160's. The TC23 30kt Cross UK-Continent dropped a modest 4.45 points and is currently marked at WS178, giving $11,999/day on Baltic TCE round trip.

 

VLCC

 

The relaxation of hostilities in the Middle East seemingly continues, with over a dozen ships reported on subjects within the last couple of days for loading inside the Gulf, passing the Strait of Hormuz.

The rate for the TD3C route (270,000mt Middle East Gulf to China) is assessed about a point lower than last Friday at WS293.89, which corresponds to a daily round-trip TCE at close to $286,500 for the standard Baltic VLCC. TD34 (Gulf of Oman/China) was assessed on Thursday at WS155, 19 points down on last Friday.

In the Atlantic market, the rate for the 260,000mt West Africa to China route (TD15) tumbled, losing 30 points to WS148.5 giving a round voyage TCE of $123,328, while the US Gulf to China route (TD22) lost $2,736,111 to $17,680,556 which gives a daily round trip TCE of just over $116,200.

 

Suezmax

 

In the Suezmax sector the rate for the 130,000mt Nigeria/UK Continent voyage (TD20) trip firmed again, rising by almost 10 points to WS243.06 which translates into a daily round-trip TCE of $117,481.

The TD27 route (Guyana to UK Continent basis 130,000mt) rose to a lesser degree, from WS239 to the WS243 level, giving a daily round trip TCE of just over $119,300. The Baltic route of 145,000mt USG/UKC (TD33), weakened by 2.5 points to WS196.39.

In the Black Sea, rates for the TD6 route of 135,000mt CPC/Augusta gained about 10 points to almost the WS284 mark, showing a daily TCE of just over $188,300.

 

Aframax

 

In the North Sea, the rate for the 80,000mt Cross-UK Continent route (TD7) lost 10 points to WS135, giving a daily round-trip TCE of over $35,750 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000mt Cross-Mediterranean (TD19) eased 2 points to WS150.72, basis Ceyhan to Lavera this shows a daily round trip TCE of a little over $29,500.

Across the Atlantic, the market rates have been lowered. The 70,000mt East Coast Mexico/US Gulf route (TD26) fell back 15 points to WS182.22 giving a daily round-trip TCE of about $35,300. The 70,000mt Covenas/US Gulf route (TD9) dropped 18 points to WS176.56 (translating into a daily round trip TCE of just over $35,800).

The rate for the transatlantic route of 70,000mt US Gulf/UK Continent (TD25) lost 27 points to WS170.56 which gives a round trip TCE basis Houston/Rotterdam of almost $32,200/day.

On the Vancouver exports, the TD28 (80,000mt crude oil Vancouver to China) was generally flat, climbing $50,000 over the week to $3,245,000 (giving a round trip TCE of about $50,600/day) while TD29 (80,000mt crude oil Vancouver to Pacific Area Lightering point off the USWC) gained 7 points to WS241.