Clean

LR2

The TC1 75kt MEG/Japan index moved consistently upward this week to WS432 (+70). A voyage west climbed in value this week with the TC20 90kt MEG/UK-Continent index going from $7.94 million to $8.66 million.

In Europe the TC15 80kt Mediterranean/East index held level around its current $4.2 million all week, the corresponding TCE at just over $16,300/day on Baltic description round trip.

 

LR1

 

The TC5 55kt MEG/Japan index also rose this week, adding 84 points up to WS444. A run west on TC8, 65kt MEG/UK-Continent saw the index move up $717,000 to $6.32 million.

 

MR

 

The TC17 35kt MEG/East Africa index went from WS411 to WS490 this week. This took the Baltic TCE for the run to $55,500/day round trip. On the UK-Continent, MR freight bobbed up and down this week with the TC2 37kt ARA/US-Atlantic Coast rising up to just under WS150 then sinking back to WS140 at time of writing.

The Baltic TCE for the round trip is now at $3,300/day. In the US Gulf MR freight levels came back off again this week with the TC14 38kt US Gulf/UK-Continent index losing 38 points to WS212 and the Baltic round trip TCE for the run is now at $19,600/day.

The Caribbean voyage on TC21, 38kt US Gulf/Caribbean saw a $350,000 decrease in value to $857,000 this week with the corresponding TCE dropping to its current $26,200/day on Baltic description. The MR Atlantic Triangulation Basket TCE went from $37,800/day to $28,100/day.

 

Handymax

 

In the Mediterranean, Handymax rates rose a modest 5 points this week with the TC6, 30kt Cross-Mediterranean index now at WS169. The TC23 30kt Cross UK-Continent also managed to improve and is currently marked at WS200, giving $15,600/day on Baltic TCE round trip.

 

VLCC

 

With the ongoing Middle East situation, rates for VLCCs continued to climb this week. The rate for the TD3C route (270,000mt Middle East Gulf to China) is now assessed another 15 points higher than last Friday at WS372, which corresponds to a daily round-trip TCE at $368,900 for the standard Baltic VLCC. TD34 (Gulf of Oman/China) was assessed on Thursday, 16 points lower at WS163, giving a round-trip TCE of over $139,700/day.

In the Atlantic market, the rate for the 260,000mt West Africa to China route (TD15) dipped 13% this week to WS146, giving a round voyage TCE of $116,500, while the US Gulf to China route (TD22) lost $263,000 to $17,155,500 which gives a daily round trip TCE of just over $106,900.

 

Suezmax

 

In the Suezmax sector the rate for the 130,000mt Nigeria/UK Continent voyage (TD20) trip remained resolute this week at WS232.5 or thereabouts which translates into a daily round-trip TCE of $106,700.

The TD27 route (Guyana to UK Continent basis 130,000mt) similarly remained level at the WS232 level, giving a daily round trip TCE of just over $109,000. The Baltic route of 145,000mt USG/UKC (TD33), stayed at the WS190-191 mark all week.

In the Black Sea, rates for the TD6 route of 135,000mt CPC/Augusta dropped by about 7 points to the WS268 mark, which shows a daily round-trip TCE of just over $168,900.

 

Aframax

 

In the North Sea, the rate for the 80,000mt Cross-UK Continent route (TD7) firmed consistently this week from WS150 to WS231, giving a 160% higher daily round-trip TCE of just over $127,800 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000mt Cross-Mediterranean (TD19) surged up 166 points to over WS388, basis Ceyhan to Lavera, this shows a daily round trip TCE of $155,900.

Across the Atlantic, the market rates have also firmed. The 70,000mt East Coast Mexico/US Gulf route (TD26) rose 37 points to the WS243 level, giving a daily round-trip TCE of about $55,900. The 70,000mt Covenas/US Gulf route (TD9) gained 35 points to over WS236 (translating into a daily round trip TCE of just over $54,200).

The rate for the transatlantic route of 70,000mt US Gulf/UK Continent (TD25) jumped up 31 points to WS254 which gives a round trip TCE basis Houston/Rotterdam of close to $58,700/day.

On the Vancouver exports, the TD28 (80,000mt crude oil Vancouver to China) was flat to soft this week, losing $26,000 over the week to $3,074,000 (giving a round trip TCE of about $42,700/day) while TD29 (80,000mt crude oil Vancouver to Pacific Area Lightering point off the USWC) softened 8 points to WS230.