Weekly Tanker Report – Week 43, 2020


The Baltic Briefing has issued the tanker report for the 43rd week of this year. The report dated 23rd October 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.


Rates were flat this week on most of the routes in this sector. 

  • 280,000mt to USG via the Cape/Cape routing remains assessed at a shade above WS17.
  • 270,000mt to China remains steadfast at around WS29 level. 
  • In the Atlantic, rates for 260,000mt West Africa to China remain unchanged at WS30.
  • 270,000mt USG to China rates dipped $150k to be assessed at a shade above $4.6m, having seen a fixture fall through from Bahamas to Ningbo at $4.65m.


  • Rates for 135,000mt Black Sea/Med recovered two points to WS44.
  • Rates for 130,000mt Nigeria/UKContinent remain around the WS30 mark. 
  • In the Middle East market, rates for 140,000mt Basrah/Med are up a point or two to WS14.


  • The 80,000mt Ceyhan/Med market improved 2.5-3 points this week to WS60-61 level. 
  • In Northern Europe rates remained flat with 80,000mt Cross-North Sea WS72.5-75 region and 100,000mt Baltic/UKC at WS44. 


  • Across the Atlantic, for the third week sentiment remained weak and rates for 70,000mt Carib/USGulf remain pegged at WS45.
  • 70,000mt USG/UKC saw continued fixing activity firming rates by 2.5 points to around WS45.


It has been another unproductive week for owners with the market in the 75,000mt Middle East Gulf/Japan remaining under pressure. Rates have eased from high WS60s to sit now at close to WS60. 

The LR1 trade where a lengthy tonnage list interspersed with tonnage also over 15 years old. Owners concede around three points with levels now hovering around mid WS60s. 

For owners plying the 37,000mt UKC/USAC trade, it has been another difficult week with rates unable to gain any traction and the market still sits at around WS75. 

There is also a sense of déjà vu in the backhaul trade for 38,000ms from US Gulf to UK Continent, with rates flat at WS55. 

Brazil discharge was even fixed at WS75 – down 2.5 points on the week. The clean market cross Med was unchanged at WS70.

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Source: Baltic Exchange


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