Clean

LR2

The TC1 75kt MEG/Japan index climbed by 92 points this week to WS1075, with the corresponding Baltic round-trip TCE rising by $28,600 to $313,200/day.

For the TC20 90kt MEG/UK-Continent run, the index edged up by $168,800 to $21.51 million, corresponding to $336,400/day on Baltic round trip. The TC15 80kt Mediterranean/East index dropped by $4.24 million to $12.00 million, with the Baltic round-trip TCE falling by $57,900 to $115,100/day.

LR1

The TC5 55kt MEG/Japan index jumped by 121 points this week to WS1105, translating to $229,900/day on Baltic round trip. For a trip westward, the TC8 65kt MEG/UK-Continent index gained $392,900 to reach $16.28 million, while the Baltic round-trip TCE return increased by $6,500 to $250,500/day.

MR

The TC17 35kt MEG/East Africa index edged up by around 2 points this week to WS896, although the TCE slipped by $200 to $113,200/day. On the UK-Continent, the TC2 37kt ARA/US Atlantic Coast index climbed by 12 points to WS207, with the corresponding Baltic round-trip TCE gaining $1,800 to $12,900/day.

In the US Gulf, the TC14 38kt US Gulf/UK-Continent index rose by 8 points to WS399 and the round-trip TCE increased by $1,100 to $53,900/day. The TC21 38kt US Gulf/Caribbean run added $246,400 to finish at $1.50 million, with the corresponding Baltic TCE climbing by $14,000 to $61,500/day. The MR Atlantic Triangulation Basket TCE increased from $63,400/day to $65,800/day.

Handymax

In the Mediterranean, the TC6 30kt Cross-Mediterranean index climbed by 72 points to WS526 this week. The corresponding Baltic round-trip TCE rose by $20,700 to $109,600/day. The TC23 30kt Cross UK-Continent index gained 71 points to WS390, with the run’s TCE increasing by $20,900 to $67,900/day.

VLCC

VLCC rates on the Baltic Exchange routes fell back further this week. The TD3C route (270,000mt Middle East Gulf/China) dropped 88 points to WS1,208.13, giving a daily round-trip TCE of $1,287,851 for the standard Baltic VLCC. TD34 (Gulf of Oman/China) fell more sharply, down 146 points to WS620, giving a round-trip TCE of $656,587/day.

In the Atlantic market, the rate for the 260,000mt West Africa/China route (TD15) fell 147 points to WS556.13, giving a round-trip TCE of $550,946/day. Meanwhile, the US Gulf/China route (TD22) tumbled by $11.4 million to $58.22 million, giving a daily round-trip TCE of $451,905.

Suezmax

In the Suezmax sector, the market was weaker again across the Baltic Exchange routes. The rate for the 130,000mt Nigeria/UK Continent voyage (TD20) fell 170 points to WS731.11, which gives a daily round-trip TCE of about $406,769. The TD27 route (Guyana to UK Continent basis 130,000mt) dropped by 180 points to WS740.56, giving a daily round-trip TCE of just under $148,500. The 145,000mt USG/UKC (TD33) fell by about 137 points to WS666.11, which gives a round-trip TCE of just over $444,100/day.

In the Black Sea, the 135,000mt CPC/Augusta route (TD6) fell back 20 points to WS1072.78, which gives a daily round-trip TCE of about $870,600.

Aframax

In the North Sea, the rate for the 80,000mt Cross-UK Continent route (TD7) rose by 7.5 points to WS585.83, giving a daily round-trip TCE of just under $481,500 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000mt Cross-Mediterranean (TD19) climbed about 86 points to almost the WS810 mark. Basis Ceyhan to Lavera, this gives a daily round-trip TCE of $382,816.

Across the Atlantic, rates continued heading downwards. The 70,000mt East Coast Mexico/US Gulf route (TD26) fell 36 points to WS672, giving a daily round-trip TCE of over $231,500. The 70,000mt Covenas/US Gulf route (TD9) fell by 31 points to WS666, giving a daily round-trip TCE of under $210,400.

The rate for the transatlantic route of 70,000mt US Gulf/UK Continent (TD25) eased 2 points to just over WS651, which gives a round-trip TCE basis Houston/Rotterdam of just under $197,000.

On the Vancouver export routes, rates have fallen. The TD28 route (80,000mt crude oil Vancouver to China) fell by $1.23m to $14.26m, which gives a round-trip TCE of under $301,900/day. The TD29 route (80,000mt crude oil Vancouver to Pacific Area Lightering point off the USWC) fell 35 points to WS911.