Clean

LR2

LR2 Freight levels crumbled this week in the MEG. The TC1 75kt MEG/Japan rate fell from WS213 to WS190 taking the corresponding TCE down to $44,000/day on Baltic description round trip.

A voyage west on TC20 90kt MEG/UK-Continent also ticked down this week by $270,000 to $4.32 million.

The freight level for the TC15 80kt Mediterranean/East run continued to modestly improve this week to $4.98 million (+$77,500).

LR1

MEG LR1 freight levels also fell off this week. The TC5 55kt MEG/Japan index went from WS219 to WS204.

A run west on TC8 65kt MEG/UK-Continent ended the week down $142,000 at $3.42 million.

On the UK-Continent, LR1 freight held for another week with the TC16 60kt ARA/West Africa index around the high WS150’s to low WS160’s.

MR

MR freight in the MEG softened again this week. The TC17 35kt MEG/East Africa index dropped 18 points to WS251. This took the corresponding Baltic TCE to $25,300/day round trip.

On the UK-Continent, MRs made another upward charge this week. The TC2 37kt ARA/US-Atlantic Coast index was assessed 21 points higher than last week at WS153. The Baltic TCE for the round trip ended 42% up at $12,300/day.

In the US Gulf, MR freight level continued to climb sharply this week. The TC14 38kt US Gulf/UK-Continent voyage is currently assessed at WS298 (+100 points) with the Baltic round trip TCE for the run now at $42,297/day up 83%. The Caribbean run on TC21, 38kt US-Gulf/Caribbean is presently marked at $1.82 million (+$878,000).

The MR Atlantic Triangulation Basket TCE went from $31,900/day to $51,700/day.

Handymax

In the Mediterranean, Handymax’s on TC6, 30kt Cross-Mediterranean index dipped to WS253 mid-week but has since returned to WS272.

The TC23 30kt Cross UK-Continent route firmed another 39 points this week to WS227.

 

VLCC

The VLCC market freight levels rose slightly during the week but were last assessed at flat with last Friday. The rate for the 270,000mt Middle East Gulf to China trip (TD3C) remains at WS137.17 which corresponds to a daily round-trip TCE of $122,666 for the standard Baltic VLCC.

In the Atlantic market, the rate for 260,000mt West Africa/China (TD15) remains flat at WS124.25 giving a round voyage TCE of a little short of $107,200. The US Gulf to China route (TD22) has eased by almost $40,000 to a little under $13,800,000 which means a daily round trip TCE of just under $92,700.

 

Suezmax

In the Suezmax sector, the rate for the 130,000mt Nigeria/UK Continent voyage (TD20) eased by 3 points to WS153.89 which translates into a daily round-trip TCE of just shy of $68,000 while the TD27 route (Guyana to UK Continent basis 130,000mt) remains flat at about WS155 giving a daily round trip TCE of just under $70,000. In the Black Sea, rates for the TD6 route of 135,000mt CPC/Augusta dipped early in the week to WS195 but have climbed back to where they started the week at WS200, meaning a daily TCE of just over $117,000. In the Middle East, the TD23 route of 140,000mt Middle East Gulf to the Mediterranean (via the Suez Canal) slipped by 3 points to the WS120 mark.

The new Baltic route of 145,000mt USG/UKC (TD33), lost about 5 points to WS130.

 

Aframax

In the North Sea, the rate for 80,000mt Cross-UK Continent route (TD7) dropped by 35 points to WS187.5, giving a daily round-trip TCE of just over $90,000 basis Hound Point to Wilhelmshaven.

In the Mediterranean, the rate for 80,000mt Cross-Mediterranean (TD19) lost 10 points to the WS245 level (basis Ceyhan to Lavera, that shows a daily round trip TCE of about $88,100).

Across the Atlantic, the market significantly dropped on short and longer-haul voyages. The 70,000mt East Coast Mexico/US Gulf route (TD26) lost 48 points to WS306.72 (giving a daily round-trip TCE of $93,975) and the 70,000mt Covenas/US Gulf route (TD9) lost 42 points to WS297.5 (translating into a daily round trip TCE of almost $84,200).

The rate for the transatlantic route of 70,000mt US Gulf/UK Continent (TD25) lost over 32.5 points to WS276.67 which gives a round trip TCE basis Houston/Rotterdam of $76,639/day.

On the Vancouver exports, the rate for TD28 (80,000mt crude oil Vancouver to China) gained $187,500 and is now assessed at $3,375,000 while TD29 (80,000mt crude oil Vancouver to Pacific Area Lightering point off the USWC) improved by 6 points to almost WS229.