Fearnleys Weekly Report, Week 38

286

It is not often we report gains of WS 20 points within a week. However, in a similar pattern to last month the Atlantic set the wheels in motion and drove the market upwards, as increased activity and a limited number of ballasters saw rates for USG/Ningbo climb to the USD 9.6m level. East of Suez, a lack of MEG Chinese vessels meant Unipec required significant additional market tonnage and astutely covered requirements on multiple vessels with a minimal uptick in rates.

For Full Report Click Here

Did you subscribe to our daily Newsletter?

It’s Free! Click here to Subscribe

Source: Fearnleys

LEAVE A REPLY