Following previous discussions with panellists, users and the market, the BEISL board has approved the following proposed amendments to the benchmark tanker descriptions for speeds & consumptions, the port consumptions and associated TCE calculations.

 These changes are in line with the revised Guide To Market Benchmarks and our intention is to implement these changes from 1 May 2015.

VLCC

13 knots laden on 70mt IFO

12.5 knots ballast on 53mt IFO

Increase the discharge consumption to 110 tons.

 

SUEZMAX

13 knots laden on 53mt IFO

12.5 knots ballast on 44mt IFO

Increase the discharge consumption to 68 tons.

 

AFRAMAX

13 knots laden on 43mt IFO

12.5 knots ballast on 36mt IFO

Increase the discharge consumption to 55 tons.

 

PANAMAX

13 knots laden on 33mt IFO

12.5 knots ballast on 28mt IFO

Increase the discharge consumption to 32 tons.

 

LR2

13 knots laden on 43mt IFO

12.5 knots ballast on 36mt IFO

Increase the discharge consumption to 42.5 tons.

 

LR1

13 knots laden on 33mt IFO

12.5 knots ballast on 28mt IFO

Increase the discharge consumption to 32 tons.

 

MR

13 knots laden on 28mt IFO

12.5 knots ballast on 22.5mt IFO

Increase the discharge consumption to 25 tons.

 
Anyone with a comment or question should please contact us on balticbroker@balticexchange.com.

Any member wishing to calculate a TCE for different speeds & consumptions, can still do so manually using the TCE calculator which is available on the main Baltic website.