Container

Container freight markets showed mixed performance over the past week, with the recent rally losing momentum and conditions becoming more fragmented across trades.

LNG

The LNG spot market saw a quiet week, with limited activity particularly at the start of the week. Overall, the market appears relatively balanced between available cargoes and open tonnage, resulting in sideways trading across most routes.

Clean

LR2

The TC1 75kt MEG/Japan index held in the mid to high WS120’s this week. A voyage west also saw the TC20 90kt MEG/UK-Continent index climb to $10.78 million (+$250,000).

Capesize

The market began the week with strong upward momentum, briefly pushing the BCI 182 5TC to the cusp of $39,000, supported primarily by strength in the Atlantic basin.

$4.0 billion in minimum fleet revenue-backlog

Tanker markets continue at record levels

TEN Ltd. (“TEN” or the “Company”) (NYSE: TEN) announced the employment extension for two DP2 shuttle tankers, in direct continuation of the existing charters which commenced at delivery back in 2013, for up to five years each.

Ceremony in Shanghai marks the entry into the Group’s fleet of the eleventh ammonia-ready vessel, now set for its maiden voyage to South America and Northern Europe.