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The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the coming month. The vessel types include breakbulk and project cargo ships. The Drewry Multipurpose Time Charter Index weakened over May to $11,120 per day in line with both container ...
VLCC The market had a minor rebound this week. On 280,000mt Middle East Gulf to US Gulf (Cape/Cape routing) levels held around the W20.5 mark while the rate for 270,000mt Middle East Gulf to China recouped 2.19 points to W40.05 (showing a roundtrip TCE of $891/day). In the Atlantic market, rates for 260,000mt West Africa ...
VLCC The market continued to slide on this sector. 280,000mt Middle East Gulf to US Gulf (Cape/Cape routing) rates are assessed almost a point lower than last week at close to WS20. The rate for 270,000mt Middle East Gulf to China fell almost two points to WS38 (showing a roundtrip TCE of minus $1.3k/day). In ...
VLCC Another slight slippage of the rates was seen this week. For the 280,000mt Middle East Gulf to US Gulf (Cape/Cape routing) trip, rates are maintained at WS21.5 level. However, the rate for 270,000mt Middle East Gulf to China eased almost a point to just below WS42 (a roundtrip TCE of $135/day). In the Atlantic, ...
VLCC Rates have slipped slightly again this week in the Middle East Gulf and Atlantic regions. For the 280,000mt Middle East Gulf to US Gulf (Cape/Cape routing) trip rates are assessed as static at just below WS22. Meanwhile, the rate for 270,000mt Middle East Gulf to China fell another point to WS42.5 (a roundtrip TCE ...