Clean

LR2

The TC1 75kt MEG/Japan index climbed by 47 points this week to WS986, with the corresponding Baltic round-trip TCE gaining $14,800 to $285,400/day.

For the TC20 90kt MEG/UK-Continent run, the index rose by $2.73 million to $21.24 million, corresponding to $332,000/day on Baltic round trip. The TC15 80kt Mediterranean/East index added $2.40 million to finish at $16.40 million, with the Baltic round-trip TCE improving by $32,100 to $175,000/day.

 

LR1

 

The TC5 55kt MEG/Japan index gained 37 points this week to WS982, translating to $202,000/day on Baltic round trip. For a trip westward on the TC8 65kt MEG/UK-Continent route, the index jumped by $3.14 million to $15.76 million, while the Baltic round-trip TCE return climbed by $56,500 to $241,500/day.

 

MR

 

The TC17 35kt MEG/East Africa index edged down by around 2 points this week to WS891, with the TCE dropping by $500 to $112,900/day. On the UK-Continent, the TC2 37kt ARA/US Atlantic Coast index shed 3 points to WS198 and the corresponding Baltic round-trip TCE fell by $1,200 to $11,500/day. In the US Gulf, the TC14 38kt US Gulf/UK-Continent index climbed by 104 points to WS386, with the round-trip TCE gaining $20,200 to $51,700/day.

The TC21 38kt US Gulf/Caribbean run rose from $900,000 to $1.28 million, while the corresponding Baltic TCE increased by $21,300 to $49,000/day. The MR Atlantic Triangulation Basket TCE climbed from $45,200/day to $62,700/day.

 

Handymax

 

In the Mediterranean, the TC6 30kt Cross-Mediterranean index jumped by 73 points to WS431 this week, with the corresponding Baltic round-trip TCE gaining $20,800 to $82,100/day. The TC23 30kt Cross UK-Continent index dropped 16 points to WS321, with the run's TCE declining by $5,200 to $47,500/day.

 

VLCC

 

The VLCC rates on the Baltic Exchange routes fell back this week. The TD3C route (270,000mt Middle East Gulf to China) dropped 37.5 points to WS1,281.25, giving a daily round-trip TCE of $1,370,193 for the standard Baltic VLCC. TD34 (Gulf of Oman/China) fell more sharply, by about 64 points to WS776.43, giving a round-trip TCE of $837,569/day.

In the Atlantic market, the rate for the 260,000mt West Africa to China route (TD15) lost a fraction over 38 points to WS711.88, giving a round-trip TCE of $720,400/day, while the US Gulf to China route (TD22) fell by $8.75 million to $80.58 million, which gives a daily round-trip TCE of $559,334.

 

Suezmax

 

In the Suezmax sector, the market weakened across the Baltic Exchange routes, except in the Black Sea. The rate for the 130,000mt Nigeria/UK Continent voyage (TD20) fell 76 points to WS920, which gives a daily round-trip TCE of about $522,600. The TD27 route (Guyana to UK Continent basis 130,000mt) dropped by 33 points to WS952.22, giving a daily round-trip TCE of just under $550,000. The 145,000mt USG/UKC (TD33) fell by about 40 points to WS828, which gives a round-trip TCE of just over $563,600/day.

In the Black Sea, available tonnage remains tight while sentiment was buoyed further by the initial November loading plan, which sources put at around 1.45 million to 1.55 million barrels/day of CPC Blend crude. The 135,000mt CPC/Augusta route (TD6) increased by 68 points to just over WS1092, which gives a daily round-trip TCE of about $888,400.

 

Aframax

 

In the North Sea, the rate for the 80,000mt Cross-UK Continent route (TD7) dropped by 36 points to WS590, giving a daily round-trip TCE of just under $486,400 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000mt Cross-Mediterranean (TD19) fell 60 points to the WS720 mark. Basis Ceyhan to Lavera, this gives a daily round-trip TCE of $333,700.

Across the Atlantic, rates appear to have peaked, with a lack of activity lowering expectations since last Friday. The 70,000mt East Coast Mexico/US Gulf route (TD26) slumped by 224 points to about WS842, giving a daily round-trip TCE of over $303,700. The 70,000mt Covenas/US Gulf route (TD9) fell by 198 points to the WS830 mark, giving a daily round-trip TCE of over $272,000.

The rate for the transatlantic route of 70,000mt US Gulf/UK Continent (TD25) lost 203 points to the WS755 mark, which gives a round-trip TCE basis Houston/Rotterdam of $234,851.

On the Vancouver export routes, rates are mixed, with owners showing a preference for longer voyages over shorter trips. The TD28 route (80,000mt crude oil Vancouver to China) fell by $210,000 to $15,590,000. This gives a round-trip TCE of a little over $334,000/day. The TD29 route (80,000mt crude oil Vancouver to Pacific Area Lightering point off the USWC) rose by 25 points to WS953.