The Baltic Briefing has issued the tanker report for the 14th week of this year. The report dated 5th March 2019 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCC
- Charterers maintained their vice-like grip on owners, with rates for 270,000mt falling 8.5 points to WS 37.5, while a new building to Korea agreed WS 31.5 basis 280,000mt.
- Going west, rates for 280,000mt to the US Gulf are assessed three points lower at around WS 19, Cape/Cape, with an options cargo achieving slightly more.
- In West Africa, rates for 260,000mt fell four points with both WS 40 and WS41 agreed for China discharge.
- Limited enquiry in the US Gulf saw rates slide further with $4.5 million paid to Korea. Hound Point to Korea went at $4.7 million.
Suezmax
- West Africa rates for 130,000mt to Europe fell briefly to WS 50, before improved volumes of enquiry led to firmer sentiment.
- Petroineos paid WS 57.5 from Escravos, and there is the talk of WS 60 having been done.
- Black Sea/Mediterranean rates for 135,000mt held at WS 65/67 level, but with the potential to the firm.
Aframax
- In the Mediterranean, rates for 80,000mt from Ceyhan are now seen at WS 85, although lower was done.
- In Primorsk – with ice restrictions – the market for 100,000mt peaked at WS 75, before easing to WS 65 for straight UKContinent discharge.
- The 80,000mt cross-North Sea market is hovering between WS 87.5/90 level.
- Healthy tonnage availability saw the 70,000mt Caribs up coast market ease 12.5 points to WS 77.5.
Clean
- Rates for 75,000mt Middle East Gulf/Japan eased five points to WS 97.5, while the 55,000mt trade fell 12.5 points to WS 100.
- The market for 37,000mt Continent/USAC lost 25 points to WS 145.
- The 38,000mt trade from the US Gulf to UKContinent was steady in the high WS 90s.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: thebalticbriefing
