Clean

LR2

The TC1 75kt MEG/Japan index strengthened this week, climbing 24.45 points to WS536.67 as sentiment improved in the East. A voyage west also firmed, with the TC20 90kt MEG/UK-Continent index increasing by $462,500 to $9.43 million.

In Europe, the TC15 80kt Mediterranean/East index gained $250,000 to $5.59 million, with the corresponding Baltic round-trip TCE rising by $3,433 to $31,436/day via Suez.

LR1

MEG LR1s moved higher this week. The TC5 55kt MEG/Japan index rose 44.38 points to WS565.63, reflecting firmer sentiment in the region. A run west on TC8, 65kt MEG/UK-Continent also improved, with the index climbing 5.49 points to WS114.95.

MR

The TC17 35kt MEG/East Africa index firmed this week from WS488.57 to WS507.86, taking the Baltic TCE for the run to $56,997/day round trip. On the UK-Continent, MRs remained broadly steady with the TC2 37kt ARA/US-Atlantic Coast rising 0.63 points to WS105.63. The Baltic TCE for the round trip is now at -$4,314/day.

The TC14 38kt US Gulf/UK-Continent index went from WS200 to WS230.71. The Baltic round trip TCE for the run is now at $22,238/day. The Caribbean voyage on TC21, 38kt US Gulf/Caribbean followed the same pattern and is currently at $771,429. The corresponding TCE is now at $20,850/day on Baltic description. The MR Atlantic Triangulation Basket TCE settled at $25,480/day.

Handymax

In the Mediterranean, Handymax rates came off circa 5.28 points this week. The TC6 30kt Cross-Mediterranean index is now at WS166.11 generating a Baltic TCE of $7,727/day. The TC23 30kt Cross UK-Continent dropped to WS177.78 this week, taking returns to just $7,192/day on Baltic description.

VLCC

The rate for the TD3C route (270,000mt Middle East Gulf to China) is now assessed 88 points firmer than last Friday, at WS570, which corresponds to a daily round-trip TCE of close to $585,000 for the standard Baltic VLCC. TD34 (Gulf of Oman/China) was 46 points higher than a week ago at WS216.67, giving a round-trip TCE of over $197,800/day.

In the Atlantic market, the rate for the 260,000mt West Africa to China route (TD15) improved by 63 points to WS209.13, giving a round voyage TCE of about $180,800/day, while the US Gulf to China route (TD22) added more than a hefty $6.34 million to end Thursday at $24,888,889, which gives a daily round trip TCE of a little over $170,100.

Suezmax

In the Suezmax sector the rate for the 130,000mt Nigeria/UK Continent voyage (TD20) rose 69 points to WS328.89, which translates into a daily round-trip TCE of over $165,000.

The TD27 route (Guyana to UK Continent basis 130,000mt) rose about 67 points to WS326.11, giving a daily round trip TCE of close to $165,900. The 145,000mt USG/UKC (TD33) rose 50 points to over WS262, which gives a round-trip TCE of almost $152,000/day.

In the Black Sea, whilst the issues have ‘gone a little quiet’, charterers and owners alike are still seeing problems persist. That said, rates have come down almost 40 points this week for the TD6 route of 135,000mt CPC/Augusta, settling on Thursday at WS532, which shows a daily round-trip TCE of just under $400,000.

Aframax

In the North Sea, the rate for the 80,000mt Cross-UK Continent route (TD7) improved by a point, at the WS203 level, showing a daily round-trip TCE of about $93,200 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000mt Cross-Mediterranean (TD19) firmed by 23 points to just shy of WS250. Basis Ceyhan to Lavera this shows a daily round trip TCE of just under $72,900.

Across the Atlantic, the 70,000mt East Coast Mexico/US Gulf route (TD26) gained a point to WS392.78, giving a daily round-trip TCE of over $116,500 while the 70,000mt Covenas/US Gulf route (TD9) dipped 5 points to WS373, translating into a daily round trip TCE of about $104,000.

The rate for the transatlantic route of 70,000mt US Gulf/UK Continent (TD25) dropped 41 points this week, and is now assessed at about WS328, which gives a round trip TCE basis Houston/Rotterdam of about $84,000.

On the Vancouver exports, the TD28 (80,000mt crude oil Vancouver to China) remained around the $3,130,000 mark (giving a round trip TCE of just under $41,900/day) while TD29 (80,000mt crude oil Vancouver to Pacific Area Lightering point off the USWC) eased by a point to WS250.