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Clean The Middle East Gulf has shown mixed reactions this week and we are noticing an uptick in movement of product west. The LR2s of TC1 75k Middle East Gulf / Japan have crumbled down to a new floor of WS154.29 a round-trip TCE of $15,783 /day. The LR1s have remained resolute with TC5 55k ...
Clean In the Middle East Gulf, LR freight has weakened this week. However, the smaller sizes have strengthened from improved demand. The LR2 TC1 75k Middle East Gulf / Japan route came down to WS167.86 (-9.64), a round trip TCE of $18,879 /day. The LR1s have been able to hold stable, with TC5 55k Middle ...
Clean The BCTI held up just over the 1000 mark this week with high bunker prices (albeit not quite so high as last week) still playing a leading role. In the Middle East Gulf, freight levels seem to have stalled and then have been tested down on all sizes this week. The LR2s of TC1, ...
Clean The BCTI ticked over the 1000 mark this week as CPP tanker freight continued to climb on the majority of sectors. Extreme bunker prices are, however, putting a dampener on owners’ returns. In the Middle East Gulf, the LR2s have been the hot topic. Reports of a steady flow of naphtha stems from the ...
VLCC The continuing war in Ukraine has held the focus of nearly all markets this week. And with so much uncertainty about what the future holds, all markets have come under significant pressure. Rates for 280,000mt Middle East Gulf/USG (via Cape of Good Hope) have risen four points to WS26, while on the 270,000mt Middle ...