Within the Center East Gulf the LR market has continued to drive upwards this week. LR2s of TC1 75k Center East Gulf / Japan climbed 51.43 factors to WS288.57 returning just below $60,000 /day spherical journey TCE. The LR1s have additionally pushed however with lesser traction. TC5 55k Center East Gulf / Japan got here as much as WS307.14 (+WS7.85). A visit west on TC8 rallied about $300,000 to the $4.7m mark.
West of Suez on the LR2s, TC15, the 80k Mediterranean / Japan run once more confirmed encouraging indicators and gained one other $150,000 to $3.65m this week. The LR1s of TC16 60k Amsterdam / Offshore Lomé, look to have stabilised for the second after rising 22.86 factors to WS219.26, a spherical journey TCE of $30,401 /day.
Within the Center East Gulf TC17 remained flat across the WS420 mark for the week with exercise ranges steady. On the UK-Continent MRs noticed continued fixing exercise pushing freight charges, regardless of the out there tonnage trying to have elevated. TC2 37k UK-Continent / US Atlantic Coast climbed 24.44 factors to WS327.22 and TC19 moved as much as WS340.71 (+27.14). The USG MR market noticed its resurgence proceed this week pushed by sentiment. TC14 38k US Gulf / UK-Continent got here up 46.43 factors to WS237.14 and TC18 the MR US Gulf / Brazil journey took a bigger leap to WS309.29 (+80). The MR Atlantic basket TCE rose from $32,605/day to $42,999/day.
The Baltic Handymax market continues to be tiered for the second, TC9 30kt Primorsk / Le Havre noticed a 25 level rise to WS375 by the tip of the week. Within the Mediterranean TC6 30kt Skikda / Lavera’s plateaued this week from loads of vessels out there, charges remained within the WS275-WS277.5 area all week, nonetheless returning round $37,000 /day spherical journey TCE.
The VLCC sector continued on the downward path with 280,000mt Center East Gulf/USG (through Cape of Good Hope) being assessed about 1.5 factors decrease than final week to barely under WS24.5. Within the 270,000mt Center East Gulf/China market charges fell virtually two factors to WS44.7 (a spherical journey TCE of minus $8,300 per day). Within the Atlantic, the continued lowered demand stored homeowners underneath stress and within the 260,000mt West Africa/China market charges are virtually three factors decrease than per week in the past at a fraction under WS45.25 (minus $6,200 per day round-trip TCE). Within the 270,000mt US Gulf/China market the speed has misplaced one other $425,000 and the most recent evaluation is a little bit over $5.3m (a spherical voyage TCE of minus $8,800 per day).
Charges for the 135,000mt Novorossiysk/Augusta fell an extra 25 factors this week and the most recent evaluation is on the WS145 stage (a round-trip TCE of $41,300 per day). In a single day stories element an Italian charterer fixing at WS135 for a voyage just like TD6. The market continues to be underneath stress, amid additional uncertainty on oil from Novorossiysk post-EU sanctions. In West Africa in the meantime, charges have marginally picked up. 130,000mt Nigeria/UKC is rated 3.5 factors firmer at WS79 (a round-trip TCE of $870 per day). For the 140,000mt Basrah/West Mediterranean route the charges have eased one level to simply above WS45.
The 80,000mt Ceyhan/Mediterranean market noticed an enchancment this week, recovering eight factors to across the WS157.5-160 area (a round-trip TCE of $24,500 per day). In Northern Europe the speed for 80,000mt Hound Level/UK Continent had been flat on the WS155 stage (a round-trip TCE of $22,600 per day). Within the Baltic Sea, sentiment has led the market to say no closely once more. The 100,000mt Primorsk/UK Cont journey is assessed 72 factors down on final week’s charge at across the WS212.5-215 stage (a spherical voyage TCE of $59,100 per day), with extra uncertainty on this in gentle of the up-coming EU sanctions. Throughout the Atlantic, the Aframax market noticed a continued decline with charges for the shorter-haul 70,000mt EC Mexico/US Gulf route falling about 22 factors to shut to the WS157.5 mark (a round-trip TCE of $11,200 per day). For the 70,000mt Caribbean/US Gulf journey, charges dropped 24 factors to WS151.5 (a round-trip TCE of $9,100 per day).Within the 70,000mt US Gulf/UK Continent market, charges are down 18 factors week-on-week on the WS150 stage ($11,200 per day round-tip TCE).
Supply: The Baltic Change