Clean

LR2

The TC1 75kt MEG/Japan index increased by 44.45 points this week to WS927.78. The corresponding Baltic round-trip TCE rose by $14,719/day to $268,877/day.

A westbound run on TC20 90kt MEG/UK-Continent saw the index rise by $1.75 million to $17.31 million and the round-trip TCE moving up by $4,568/day to $261,946/day. The TC15 80kt Mediterranean/East index climbed by $410,000 to $8.31 million, with the Baltic round-trip TCE improving by $6,228/day to $67,781/day.

LR1

The TC5 55kt MEG/Japan index also went up by 36.87 points this week to WS951.25 with round-trip TCE rising by $9,027/day to $196,577/day on Baltic description. The TC8 65kt MEG/UK-Continent index firmed from $12.11 million to $12.31 million, generating $180,084/day on a Baltic round-trip TCE basis.

MR

The TC17 35kt MEG/East Africa index improved by 21.43 points this week to WS903.57, pushing the Baltic round-trip TCE up by $3,552/day to $115,878/day. On the UK-Continent, the TC2 37kt ARA/US Atlantic Coast index increased by 34.16 points to WS206.94 with the corresponding Baltic round-trip TCE rising by 124% to $14,344/day. In the US Gulf, the TC14 38kt US Gulf/UK-Continent index shot up 123.57 points to WS395.71, seeing the Baltic round-trip TCE rise by $25,667/day to $54,995/day. The TC21 38kt US Gulf/Caribbean index climbed $617,857 to $1.48 million this week, moving the TCE from $36,691/day to $61,871/day on Baltic description. The MR Atlantic Triangulation Basket TCE increased from $39,287/day to $66,826/day.

Handymax

In the Mediterranean, the TC6 30kt Cross-Mediterranean index firmed by 82.22 points to WS343.33 translating to $57,302/day on Baltic round-trip. The TC23 30kt Cross UK-Continent index increased by 93.89 points to WS360.00 with the corresponding Baltic round-trip returns rising by $29,544/day to $59,826/day.

VLCC

Earlier this week there seemed to be an easing on the VLCC markets, however that has now been turned around, and the routes are firming again. The TD3C route (270,000mt Middle East Gulf to China) dipped earlier in the week and has now risen to WS1,145 (still 12.5 points weaker than a week ago) which gives a daily round-trip TCE of $1,221,893 for the standard Baltic VLCC. TD34 (Gulf of Oman/China) fell earlier in the week but has since recovered to WS761.43 (35 points weaker since last Friday), meaning a round-trip TCE of $823,313/day.

In the Atlantic market, the rate for the 260,000mt West Africa to China route (TD15) continued to drop at the start of the week but has since regained, rising to WS519.06 (7 points firmer than a week ago), giving a round-trip TCE of $515,084/day, while the US Gulf to China route (TD22) fell earlier in the week before recovering to $51,738,889, about $205,000 lower than last Friday, which gives a daily round-trip TCE of $400,364.

Suezmax

In the Suezmax sector, the market is significantly stronger than a week ago for all the Baltic routes. The rate for the 130,000mt Nigeria/UK Continent voyage (TD20) was boosted by 289 points to WS728.33 (65% up on last Friday), which translates into a daily round-trip TCE of about $408,000. The TD27 route (Guyana to UK Continent basis 130,000mt) increased further, rocketing by 312.5 points to WS743.89 (a 72% increase week-on-week), giving a daily round-trip TCE of about $423,500. The 145,000mt USG/UKC (TD33) similarly ascended 196 points to WS566.67 (a 55% climb since last Friday), which gives a round-trip TCE of just over $374,100/day.

In the Black Sea, the market was buoyed by the other markets and their call on tonnage. The rate for the TD6 route of 135,000mt CPC/Augusta rose 133 points to WS634.44 (a rise of 26%), which shows a daily round-trip TCE just shy of $487,700.

Aframax

In the North Sea, the rate for the 80,000mt Cross-UK Continent route (TD7) softened this week, losing about 15 points to just about the WS410 mark, showing a daily round-trip TCE of just over $304,200 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000mt Cross-Mediterranean (TD19), having made significant gains last week, fell 18 points to WS625. Basis Ceyhan to Lavera this shows a daily round-trip TCE of about $281,630.

Across the Atlantic, the roller-coaster ride continues, with significant gains seen again. The 70,000mt East Coast Mexico/US Gulf route (TD26) rose another 74 points to the WS693 mark (which is a daily round-trip TCE of just over $242,500). The 70,000mt Covenas/US Gulf route (TD9) also gained, rising 81 points to surpass WS681, translating into a daily round-trip TCE of over $218,300.

The rate for the transatlantic route of 70,000mt US Gulf/UK Continent (TD25) improved by 34 points to about the WS730 level, which gives a round-trip TCE basis Houston/Rotterdam of almost $227,700.

On the Vancouver exports, rates strengthened further in this market. The TD28 route (80,000mt crude oil Vancouver to China) rose $275,000 to $8,125,000 (giving a round-trip TCE of just over $159,500/day) while the TD29 route (80,000mt crude oil Vancouver to Pacific Area Lightering point off the USWC) gained 23 points to WS493.50.