, .

Market Bulletin

Updated: 5 March 2010

VLCC

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.

RouteWS-RateChangeUSD/DayTrend
.

1. AG - Korea

78

-4,5

42800

.

2. WAF - USG

95

+7,5

56800

.


Suezmax
 

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

RouteWS-RateChangeUSD/DayTrend
.

1. WAF - AC

117.5

-10

35000

.


Aframax

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.

RouteWS-RateChangeUSD/DayTrend
.

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

.


Panamax

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.

RouteWS-RateChangeUSD/DayTrend
.

1. CARIBS-USG/USAC

130

-25

7200

.

2.Indo - Japan/Korea

130

- 2,5

9,750

.


Products

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.

 
RouteWS-RateChangeUSD/DayTrend
.

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

.


Bunkers

BUNKER ESTIMATES

Port ChangeUSD/MTTrend
.

Fujairah

+6,5

475,5

.

Rotterdam

-2,5

455

.

Singapore

+8,5

463

.


Disclaimer

The calculations in the Market Bulletin are round voyages for modern vessels based on bunker prices as estimated in Market Bulletin.

The estimated daily returns is only to be seen as benchmark rates for the prevailing market at time of publication and not to be regarded as the actual earnings for the Stena Bulk or Concordia fleet.

If you want further information on the basis for the calculation please do not hesitate to contact us at
» charteringSE@stenabulk.com



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