Updated: 5 March 2010

VLCC

VLCC market has remained calm during the past week mainly due to a continuous thin tonnage list although as OPEC supply is on the rise owners has the upper hand.

RouteWS-RateChangeUSD/DayTrend
.

1. AG - Korea

87,5

-2,5

52,713

.

2. WAF - USG

77,5

-10

38,291

.


Suezmax

 

Atlantic Basin Suezmax market slided a bit further down this week as we still waiting for the April program to kick off. Tonnage list for early April dates start to look thinner which will have a positive effect on the market.

RouteWS-RateChangeUSD/DayTrend
.

1. WAF - AC

87.5

-15

18500

.


Aframax

1 NSEA-UKC - After a fairly quiet Friday last week it rocketed up starting Monday and lasting all week. Lack of tonnage for last remaining end month stems put pressure on rates. Offers given at WS 200-220 level today.

3 Baltic - UKC - Rates have climbed all week. Not enought ice classed tonnage around as beeing tied up with uncertain discharge and delivery window later than vessel natural dates. Fueloil ex Tallinn WS 170 and offers for Primorsk today WS 200.

4 Cross Med -  Delay at Turkish straights 2 days north and 2 days south. Rates climbed quickly to Fixtures around WS 200. Now suezmaxes picking up aframax stems already.

5 Far East - Solid gains across the board as cargo requirements outperform tonnage supply in all crude segments.

RouteWS-RateChangeUSD/DayTrend
.

1. NSEA - UKC

185

+80.0

61,000

.

2. Baltic - UKC (no ice)

n/a

n/a

n/a

.

3. Baltic -UKC (ice class)

165

+60.0

59,000

.

4. Cross Med

205

+80.0

59,000

.

5. AG - Singapore

150

+ 30

24,500

.


Panamax

1. CARIBS - Last week of March caught some charterers off guard and without a ship, pushing rates to 50x152+.  Expect this to come off as April positioni list develops.

2. FAR EAST- Solid gains across the board as cargo requirements outperform tonnage supply in all crude segments.

RouteWS-RateChangeUSD/DayTrend
.

1. CARIBS-USG/USAC

155

+30

13000

.

2.Indo - Japan/Korea

175

+ 35

17,300

.


Products

1. Rotterdam - New York - TA cargoes has remained few and far between during the past week and market has gone down.

2. Caribs - A flurry of activity in the USG and CBS has helped raise rates and provided owners with a glimmer of hope going into the Spring season. 

3. Houston - Amsterdam - (only the back haul leg) ARB remains closed for gasoil out of the USGulf and the rates are untested however recent bio fuel fixtures have edged the backhaul rates higher.

 
RouteWS-RateChangeUSD/DayTrend
.

1. UKC - USAC (clean)

160

-15

9000

.

2. S.America - USG (clean)

167.5

+12.5

10300

.

3. USG - T/A (clean) - back haul

100

+15

6000

.


Bunkers

BUNKER ESTIMATES

Port ChangeUSD/MTTrend
.

Fujairah

-12

463

.

Rotterdam

+0,5

454

.

Singapore

-6,5

456,5

.