Clean

LR2

The TC1 75kt MEG/Japan index strengthened slightly this week, climbing 3.33 points to WS540 as sentiment improved in the East. A voyage west weakened, with the TC20 90kt MEG/UK-Continent index decreasing by $187,500 to $9.24 million. In Europe, the TC15 80kt Mediterranean/East index gained $433,000 to $6.02 million, with the corresponding Baltic round-trip TCE rising by $7,942 to $39,378/day via Suez.

LR1

MEG LR1s differ this week depending on the discharge location. The TC5 55kt MEG/Japan index rose 13.75 points to WS579.38, reflecting firmer sentiment for fixtures going East. A run west on TC8, 65kt MEG/UK-Continent weakened slightly, with the index down 2.31 points to WS112.64.

MR

The TC17 35kt MEG/East Africa index firmed this week from WS507.86 to WS525.00, this took the Baltic TCE for the run to $60,783/day round trip. On the UK-Continent, MRs can be seen coming off with TC2 37kt ARA/US-Atlantic Coast dropping 5.00 points to WS100.63. The Baltic TCE for the round trip is now at -$4,225/day. The TC14 38kt US Gulf/UK-Continent index went from WS230.71 to WS213.57. The Baltic round trip TCE for the run is now at $19,742/day. The Caribbean voyage on TC21, 38kt US Gulf/Caribbean followed the same pattern and is currently at $647,857. The corresponding TCE is now at $14,224/day on Baltic description. The MR Atlantic Triangulation Basket TCE settled at $22,939/day.

Handymax

In the Mediterranean, Handymax rates came off circa 1.11 points this week. The TC6 30kt Cross-Mediterranean index is now at WS165.00 generating a Baltic TCE of $8,489/day. The TC23 30kt Cross UK-Continent rose to WS180.00 this week, taking returns to $8,889/day on Baltic description.


VLCC

The rate for the TD3C route (270,000mt Middle East Gulf to China) is now assessed another 54 points stronger than last Friday, at WS623, which corresponds to a daily round-trip TCE of just over $647,000 for the standard Baltic VLCC. TD34 (Gulf of Oman/China) was almost 6 points higher than a week ago at WS232.5, giving a round-trip TCE of over $219,400/day.

In the Atlantic market, the rate for the 260,000mt West Africa to China route (TD15) was weakened by 17 points to about WS205, giving a round voyage TCE of $179,600/day, while the US Gulf to China route (TD22) fell by just over $1 million to $24,600,000, which gives a daily round trip TCE of just shy of $171,000.
 

Suezmax

In the Suezmax sector, rates were a lot softer across the board. The rate for the 130,000mt Nigeria/UK Continent voyage (TD20) slumped 86 points to WS237.78, which translates into a daily round-trip TCE of about $110,700. The TD27 route (Guyana to UK Continent basis 130,000mt) dropped 78 points to WS250, giving a daily round trip TCE of $120,080. The 145,000mt USG/UKC (TD33) fell by about 70 points to WS193.33, which gives a round-trip TCE of just over $103,000/day.

In the Black Sea, the news over the last week or so has ‘calmed’ the market, and rates for the TD6 route of 135,000mt CPC/Augusta have fallen 135 points to the WS400 level, which shows a daily round-trip TCE of just under $284,250.
 

Aframax

In the North Sea, the rate for the 80,000mt Cross-UK Continent route (TD7) improved by almost 11 points to about WS214, showing a daily round-trip TCE of about $107,000 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000mt Cross-Mediterranean (TD19) firmed by another 11 points to WS268. Basis Ceyhan to Lavera, this shows a daily round trip TCE of $86,377.

Across the Atlantic, the charterers have managed to get a better hold of the market. The 70,000mt East Coast Mexico/US Gulf route (TD26) plummeted 182 points to WS200, giving a daily round-trip TCE of $36,900 while the 70,000mt Covenas/US Gulf route (TD9) was driven down 163 points to WS197, translating into a daily round trip TCE of about $39,600.

The rate for the transatlantic route of 70,000mt US Gulf/UK Continent (TD25) dropped 117 points this week, to WS201.67, which gives a round trip TCE basis Houston/Rotterdam of a little below $40,000.

On the Vancouver exports, the TD28 (80,000mt crude oil Vancouver to China) slipped $12,500 to $3,116,667 (giving a round trip TCE of just under $43,900/day) while TD29 (80,000mt crude oil Vancouver to Pacific Area Lightering point off the USWC) remains at WS250.