Market Bulletin

 

Quiet end to the week but owner's sentiments are bullish and it will continuw to remain strong due to tonnage demand/supply situation for early August.

Route WS-Rate Change USD/Day Trend
1. AG - Korea 240 +15 195000 2. WAF - USG 180 +20 120000

A slurry of charterers in this week to cover before the US Hoilday weekend driving rates up at weeks end. Expect rates to continue upward next week as charterers will be back in the market next week looking to cover after the long weekend.

Route WS-Rate Change USD/Day Trend
1. WAF - AC 230 +15 80,000

1,2 NSEA-UKC -  With a quiet few days at the end of last week, rates dropped to WS170 early this week. With a run of cargoes and a firming Med maket, rates quickly bounced up to 215 by the end of the week.

3. Baltic - UKC (no ice)- Dito

4 Cross Med -  Rates dropped to WS160 at the beginning of the week as the French stikes stopped and ship's positions became certain. However, by the end of the week the strikes were back on and the rates have shot up to WS250, with further to go.

5 Far East - The Aframax market for AG-Rsea / East sector, earlier in the week, sees D/H tonnages fixing Ag/East 80 X WS 260 to 265 lvl for long haul AG/Japan in view of the Japanese SBM problem at Chiba (restricting VLCC from using the sbm) which explains why the Japanese charterers taking Aframaxes for direct berthing. AG/East is still on the upward trend and reckon the rate will be hovering between ws265-ws270 level.

 

Route WS-Rate Change USD/Day Trend
1. NSEA - UKC 215 -15 65,000 2. Baltic - UKC (no ice) 200 +20 61,000 3. Baltic -UKC (ice class) N/A N/A N/A 4. Cross Med 250 -20 56,000 5. AG - SPORE 260 +15 45000

1. CARIBS - Rates came off significantly this week as Afra's have plummeted over 150pts and inquiry has reamained minimal. Think we have bottomed here and expect rates to climb slowly next week

3. FAR EAST- Market has jumped 65 pts as compared to last week level at WS250 due to the strong Aframax market. Panamax tonnages are very limited in the Far East and charterers have to pay high nos to secure tonnages.  

Route WS-Rate Change USD/Day Trend
1. CARIBS-USG/USAC 230 -120 19,000 2.INDO-JAPAN/KOREA 315 +65 45000

1. North Sea - dty - Market is sliding down, little activity and tonnage is building up.

2. Caribs - Rumors of Hovensa problems could soften market next week but continued TC2 strength will keep rates from falling too quickly

3. Rotterdam-New York - Market peaked last weak but market has not gone down that much but many vsls around after 10 July so looks like it is heading down further.

 

 

Route WS-Rate Change USD/Day Trend
1. NSEA & X-UKC (dirty) 310 -30 27000 2. S.America - USG (clean) 310 0 27500 3. UKC - USAC (clean) 355 -10 31000

BUNKER ESTIMATES.

Port   Change USD/MT Trend
Fujairah +60 730 Rotterdam +50 710 Singapore +50 750