LR2
In the MEG this week LR2 freight managed enough activity to hold on from dropping. The TC1 rate for 75,000t MEG/Japan hovered around the WS205 and the 90,000t MEG/UK-Continent TC20 voyage is currently pegged at $6.1m, down from $6.3m.West of Suez, Mediterranean/East LR2’s softened again this week seeing the TC15 index drop by $225,000 to $3.34m.
LR1
In the MEG, LR1 freight weakened a little this week. The 55,000t MEG/Japan index of TC5 lost 15 points to WS223.8. The 65kt MEG/UK-Continent of TC8 lost $39,650 to $4.87m.
On the UK-Continent, the 60,000t ARA/West Africa has taken a recorrect down this week as the market has been quiet again. The TC16 index has gone from WS179.7 to WS169.2.
MR
MR’s in the MEG bounced down and back up this week. The TC17 35,000t MEG/East Africa index bottomed out at WS340 mid-week down from WS411.4 but has since returned to WS360 at time of writing.
On the UK-Continent MR’s remained relatively stable this week. The 37,000t ARA/US-Atlantic coast of TC2 climbed 5.3 points to WS170.6. The TC19 run (37,000t ARA/West Africa) the index followed suit going from WS185 to WS190.3.
US Gulf MR’s regained some upwards momentum this week, which was welcomed by owners. TC14 (38,000t US-Gulf/UK-Continent) hopped up 11.8 points to WS144.6. The 38kt US Gulf/Brazil on TC18 went from WS211.8 to WS223.9 and the 38,000t US-Gulf/Caribbean of TC21 shot up 20% to $614,286.
Handymax
In the Mediterranean, 30,000t Cross Mediterranean (TC6) levelled off this week holding at around the WS242.5 mark. Up in Northwest Europe, the TC23 30,000t Cross UK-Continent crept up a modest 4.4 points to WS213.9.
VLCC
The market improved this week despite the Chinese Labour Day holiday 1/5 May. The rate for 270,000 mt Middle East Gulf to China gained five points to WS65.75, which corresponds to a daily round-trip TCE of $43,301 basis the Baltic Exchange’s vessel description.
In the Atlantic market, the 260,000mt West Africa/China trip also rose five points to WS67.56, which shows a round voyage TCE of around $45,765 per day. The rate for 270,000mt US Gulf/China is climbed on the back of a tightening position list by $362,500 to $9,000,000 translating into a round-trip daily TCE of $45,325.
Suezmax
The Suezmax market in West Africa softened again this week with the 130,000mt Nigeria/UK Continent trip losing eight points to WS100.67 (a daily round-trip TCE of $37,475). In the Mediterranean and Black Sea region the rate is three points weaker at WS111.10 for the 135,000mt CPC/Mediterranean trip (showing a daily TCE of $40,604 round-trip). In the Middle East, the rate for 140,000mt Middle East Gulf to the Mediterranean (via the Suez Canal) remained flat at a fraction below WS95.
Aframax
In the North Sea, the rate for the 80,000mt Cross-UK Continent recovered two points to WS143.93 (a daily round-trip TCE of $44,724 basis Hound Point to Wilhelmshaven).
In the Mediterranean market the rate for 80,000mt Cross-Mediterranean has been reduced by 16 points to WS168 (basis Ceyhan to Lavera, that shows a daily round trip TCE of about $48,224).
Across the Atlantic, the Stateside market has again continued to soften, but not as sharply as previous weeks, with the rate for 70,000mt East Coast Mexico/US Gulf (TD26) losing only three points to WS161.88 (a daily TCE of $36,183 round trip) and the rate for 70,000mt Covenas/US Gulf (TD9) has also been reduced by 2.5 points to WS155.63 (a round-trip TCE of $31,760 per day). The rate for the trans-Atlantic route of 70,000mt US Gulf/UK Continent (TD25) fell by six points to WS180.56 (a round trip TCE basis Houston/Rotterdam of $42,357 per day).
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Source : balticexchange
