Market Bulletin

Even though the MEG market has been active this week, charterers seems to be holding back fresh requirements making the market relatively quiet which could result in softening rates for next week. For the TA cargoes, rates has slipped the past week mainly attributed to a tight position list.

Route WS-Rate Change USD/Day Trend
1. AG - Korea 78 -4,5 42800 2. WAF - USG 95 +7,5 56800

 

Market softer this week, rates under downward pressure for next week as tonnage is available to compete and lower levels.  

Route WS-Rate Change USD/Day Trend
1. WAF - AC 117.5 -10 35000

1 NSEA-UKC - More activity in the North Sea but levels stay at WS 100.

3 Baltic - UKC - Last done WS 100 but rate dipped as low as WS95 in beginning of week. Steady amount of ice classed units around keep rates flat.

4 Cross Med -  No delays at turkish straights. More activity towards end of week, rates possibly creeping up. 

5 Far East - Another couple of points down due to limited enquiry. A small upswing in cargoes ex Red Sea may tie up some tonnage on long employment. Overall it is weak but relatively stable.

Route WS-Rate Change USD/Day Trend
1. NSEA - UKC 100 -2.5 12,500 2. Baltic - UKC (no ice) n/a n/a n/a 3. Baltic -UKC (ice class) 100 -5.0 21,000 4. Cross Med 97.5 0 9,700 5. AG - Singapore 97,5 - 2,5 8,250

1. CARIBS - Following the local aframax rates down sharply - Caribbean to USA paying 50 x 130, about 7,000 per day.  T/A rates also down but not as sharply.

2. FAR EAST- We have seen an increased number of cargoes surfaces for end March but with current situation it is unlikely to change the negative trend as plenty of aframaxes are competing for the same business.

Route WS-Rate Change USD/Day Trend
1. CARIBS-USG/USAC 130 -25 7200 2.Indo - Japan/Korea 130 - 2,5 9,750

1. Rotterdam - New York -  The MR market has remained relatively quiet during the past week where rates dropped a couple of points down to WS 180.

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.  The recent earthquake in Chile does not seem to have been the cause behind the rate increase.

3. Houston - Amsterdam - (only the back haul leg) ARB remains closed for gasoil out of the USGulf and the rates are untested however bio fuel does seem to be making its way out of the Gulf.

 

Route WS-Rate Change USD/Day Trend
1. UKC - USAC (clean) 180 -5 10000 2. S.America - USG (clean) 155 +20 8700 3. USG - T/A (clean) - back haul 100 +15 6000

BUNKER ESTIMATES

Port   Change USD/MT Trend
Fujairah +6,5 475,5 Rotterdam -2,5 455 Singapore +8,5 463