The Baltic Briefing has issued the tanker report for the 13th week of this year. The report dated 29th March 2019 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCC
- It was another bad week for owners, who saw rates continue to slide, with Unipec fixing 270,000mt at WS 46 to China, down 13 points.
- Going West, rates for 280,000mt to the US Gulf were assessed 1.5 points lower at WS 22 Cape/Cape.
- In West Africa, rates for 260,000mt fell 10.5 points to WS 45.
- Occidental fixed US Gulf to Singapore at $4.7 million, down $500,000.
- Vitol covered Hound Point to South Korea at $5.4 million.
Suezmax
- West Africa rates for 130,000mt to Europe dipped to WS 47.5 before modestly recovering to very low WS 50s.
- Black Sea/Mediterranean rates for 135,000mt held in the low-mid WS 60s, with Turkish Straits delays down to three-to-four days each way.
Aframax
- In the Mediterranean, rates for 80,000mt from Ceyhan hovered between WS 87.5-90.
- In the Baltic, healthy tonnage availability saw rates fall 15 points to WS 65, basis 100,000mt, before recovering to WS 70.
- The 80,000 cross North Sea trade was around WS 90 but remained under downward pressure. The 70,000mt Caribs up-coast market firmed to WS 100, before easing back to mid-high WS 90s.
Clean
- Rates for 75,000mt Middle East Gulf/Japan benefitted from improved volumes of inquiry and nudged up 2.5 points to WS 102.5.
- The 55,000mt trade eased 2.5 points to WS 112.5. The market for 37,000mt Continent/USAC gained 30 points to WS 195 but came under downward pressure.
- The 38,000mt trade from the US Gulf to UK-continent was steady in the mid WS 90s.
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Source:thebalticbriefing
