Clean

LR2

The TC1 75kt MEG/Japan index continued to gently climb this week by 25 points to WS82. A voyage west also saw the TC20 90kt MEG/UK-Continent index drop from $16.5 million to $16.35 million.

The TC15 80kt Mediterranean/East index firmed a little over a million dollars this week to $7.2 million, with the corresponding TCE up to $50,300/day on Baltic description round trip.

 

LR1

 

The TC5 55kt MEG/Japan index has been assessed up another 21.5 points this week to WS842. A run west on TC8 65kt MEG/UK-Continent ended the week with the index $457,000 higher at $11.14 million.

 

MR

 

The TC17 35kt MEG/East Africa index climbed early this week by around 15 points before stabilising for the remainer at just over WS740, generating circa $90,500/day on Baltic description round trip TCE.

On the UK-Continent, MR freight levels managed to pick themselves up of the WS100 deck this week. The TC2 37kt ARA/US-Atlantic Coast index was assessed 41 points higher than last week at WS141. This brought the Baltic TCE for the round trip up from -$6,500 to now just -$477/day.

In the US Gulf, MR freight levels modestly pushed up this week. The TC14 38kt US Gulf/UK-Continent run is currently publishing at WS232, up 15 points from where is started the week, with the Baltic round trip TCE for the run is now at $20,400/day. The Caribbean voyage on TC21, 38kt US-Gulf/Caribbean, mirrored this direction and currently sits at $682,000 with the corresponding TCE now at $14,200/day on Baltic description.

The MR Atlantic Triangulation Basket TCE rose from $21,000/day to $27,200/day.

 

Handymax

 

In the Mediterranean, Handymax rates remained relatively level this week in the mid WS180s for the TC6, 30kt Cross-Mediterranean index, translating to $9,200/day on Baltic TCE round trip. The TC23 30kt Cross UK-Continent route strengthened 38 points to WS221 this week, which generates $16,300/day on Baltic TCE round trip, up 135% from last week.

 

VLCC

 

The rates for the Middle East routes increased dramatically again this week. The TD3C route (270,000 mt Middle East Gulf to China) rose from WS929.44 last Friday to WS1,140 on Thursday. This gives a daily round-trip TCE of $1,212,503 for the standard Baltic VLCC. TD34 (Gulf of Oman/China) gained 263 points to WS806.43 in the same period, meaning a round-trip TCE of $870,947/day.

In the Atlantic market, further gains were made. The rate for the 260,000mt West Africa to China route (TD15) climbed 108 points to WS531.25, giving a round voyage TCE of $524,575/day, while the US Gulf to China route (TD22) made another large step up, rising over $14,100,000 to over $50,775,000, which gives a TCE of just over $388,400/day.

 

Suezmax

 

The market was again firmer across all the Baltic routes. The rate for the 130,000 mt Nigeria/UK Continent voyage (TD20) rose three points to WS454.44, which translates into a daily round-trip TCE of about $238,500.

The TD27 route (Guyana to UK Continent basis 130,000 mt) was boosted by another 42 points to WS461.67, giving a daily round trip TCE of just shy of $246,400. The 145,000 mt USG/UKC (TD33) gained another 52 points to WS385.83, which gives a round-trip TCE of just over $238,450/day.

In the Black Sea, the market strengthened again. For the TD6 route of 135,000 mt CPC/Augusta, the rate has had five points added and setline at just over the WS500 mark, which shows a daily round-trip TCE of about $366,750.

 

Aframax

 

In the North Sea, the rate for the 80,000 mt Cross-UK Continent route (TD7) gained 42.5 points to WS301.67, showing a daily round-trip TCE of just over $186,000 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000 mt Cross-Mediterranean (TD19) climbed 46 points this week to WS435, basis Ceyhan to Lavera, showing a daily round trip TCE of just over $169,700.

Across the Atlantic, the owners’ grip had loosened earlier this week, but by Thursday was constricting charterers again. The 70,000 mt East Coast Mexico/US Gulf route (TD26) dropped to WS440 by Wednesday and then rose to just over WS447.5 on Thursday, which is down 41 points week-on-week, which is a daily round-trip TCE of just shy of $134,800. The 70,000 mt Covenas/US Gulf route (TD9) lost 30 points this week bottoming out at WS438, translating into a daily round trip TCE of about $125,200.

The rate for the trans-Atlantic route of 70,000 mt US Gulf/UK Continent (TD25) fell back by Wednesday to about WS450, and then advanced to WS458.89 on Thursday, a weekly fall of 36 points, which gives a round trip TCE basis Houston/Rotterdam of almost $128,100.

On the Vancouver exports, the TD28 (80,000 mt crude oil Vancouver to China) rose by over $500,000 to $7,650,000 (giving a round trip TCE of just under $145,400/day) while TD29 (80,000 mt crude oil Vancouver to Pacific Area Lightering point off the USWC) gained a further 60 points to WS440.