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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 The market eased again in both the Middle East and the Atlantic. For the 280,000mt Middle East Gulf to US Gulf (Cape/Cape routing) trip rates have dipped from about W21.5 to the WS21 level, while the rate for 270,000mt Middle East Gulf to China slipped 1.5 points to WS40 (a roundtrip TCE of $731/day). ...
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, ...