Clean

LR2

The TC1 75kt MEG/Japan index slipped 2.5 points this week to WS497. A voyage west also saw a reduction in value this week, with the TC20 90kt MEG/UK-Continent index going from $9.46 million to $9.3 million.

For the TC15 80kt Mediterranean/East index, this moved in a positive direction again, gaining over $500,000 to $5.86 million, with the corresponding TCE now at just over $36,700/day on Baltic description round trip.

 

LR1

 

LR1s also lost some ground this week, with the TC5 55kt MEG/Japan index slipping 7 points to WS518-519 level and a run west on TC8, 65kt MEG/UK-Continent saw the index firm ever-so-slightly to just over $7.27 million.

 

MR

 

The TC17 35kt MEG/East Africa index made meagre improvements, rising from WS510 to WS515 this week, which took the Baltic TCE to $58,279/day round trip. On the UK-Continent, MR freight recovered further this week, with the TC2 37kt ARA/US-Atlantic Coast gaining about 11 points to just over WS160. The Baltic TCE for the round trip now at $6,315/day.

In the US Gulf, MR freight levels again got pumped up, rising almost 40 points to a fraction over WS317 for the TC14 38kt US Gulf/UK-Continent. The Baltic round trip TCE for the run is now at $40,050/day. The Caribbean voyage on TC21, 38kt US Gulf/Caribbean gained over $182,000 to end up on Thursday at just over the $1.1 million mark with the corresponding TCE at close to $40,400/day on Baltic description. The MR Atlantic Triangulation Basket TCE went from $39,498/day to $48,250/day.

 

Handymax

 

In the Mediterranean, Handymax rates strongly rose this week with the TC6, 30kt Cross-Mediterranean index gaining more than 37.5 points to the WS242 level with the corresponding TCE at a little over $29,400/day on Baltic description.

The TC23 30kt Cross UK-Continent also strengthened, with the rate moving from WS211.94 last Friday to WS238.89 on Thursday. The corresponding TCE for this trip, basis the Baltic description, is $25,483/day.

 

VLCC

 

The rate for the TD3C route (270,000 mt Middle East Gulf to China) is now assessed a further 37.5 points higher than last Friday, at WS424.33, which corresponds to a daily round-trip TCE at $423,434 for the standard Baltic VLCC. TD34 (Gulf of Oman/China) was 12 points higher than a week ago at WS164.50, giving a round-trip TCE of over $138,400/day.

In the Atlantic market, the rate for the 260,000 mt West Africa to China route (TD15) recovered by 18 points over the week at WS150, giving a round voyage TCE of $117,366/day, while the US Gulf to China route (TD22) regained over $2,860,000 to just shy of the $20,000,000 mark, which gives a daily round trip TCE of over $127,650.

 

Suezmax

 

In the Suezmax sector, the rate for the 130,000 mt Nigeria/UK Continent voyage (TD20) slipped 8 points to just below WS222.5, which translates into a daily round-trip TCE of a little over $100,600. The TD27 route (Guyana to UK Continent basis 130,000 mt) mirrored the West Africa route, losing 8 points to WS223, giving a daily round trip TCE of a little over $102,800. The 145,000mt USG/UKC (TD33) slipped by 9 points to a fraction under WS200.

In the Black Sea, due to the significant issues this week seen in CPC, rates have spiked. The TD6 route of 135,000 mt CPC/Augusta has moved up 130 points to WS440, which shows a daily round-trip TCE of over $318,400.

 

Aframax

 

In the North Sea, the rate for the 80,000 mt Cross-UK Continent route (TD7) lost about 18 points to WS218.96, giving a daily round-trip TCE of $111,750 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000mt Cross-Mediterranean (TD19) dropped 80 points to almost WS320. Basis Ceyhan to Lavera this shows a daily round trip TCE of just under $114,500.

Across the Atlantic, the market has fallen back but earnings are still healthy. The 70,000 mt East Coast Mexico/US Gulf route (TD26) lost 72.5 points to WS405, giving a daily round-trip TCE of about $122,500. The 70,000 mt Covenas/US Gulf route (TD9) dropped 78 points to WS396.39, translating into a daily round trip TCE of about $113,000.

The rate for the transatlantic route of 70,000 mt US Gulf/UK Continent (TD25) had almost 65 points carved out and is now rated at WS375, which gives a round trip TCE basis Houston/Rotterdam of below $101,500.

On the Vancouver exports, the TD28 (80,000 mt crude oil Vancouver to China) softened by $125,000 to $3,150,000 (giving a round trip TCE of just less than $43,000 while TD29 (80,000 mt crude oil Vancouver to Pacific Area Lightering point off the USWC) gained 2.5 points to WS253.