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Clean LRs in the Middle East Gulf have been subject to more freight rate reductions this week. TC1 has dropped 54.29 points to WS225.71 and TC5 similarly has lost WS52.14 to WS296.43. On the MRs TC17 has had a rebound after bottoming out at WS470 midweek, it now sits at WS513.33 ($47k / day round ...
Clean The Middle East Gulf has suffered muted activity on both the LRs and MRs this week. As a result, freight has been put under pressure, TC1 has dropped 7.86 points to WS292.1 and TC5 has also dipped WS27.15 to WS352.1. On the MRs TC17 has taken a 50.83 point hit down to WS494.2. Despite ...
Clean The BCTI continued its impressive rise in recent months with the index finishing the week just a shade over the 1700 mark. In the Middle East Gulf freight levels earnings have continued to grow as owners are feeling able to push for higher rates on the back of plentiful cargoes. And, with more July ...
Clean LR’s in the Middle East Gulf saw a welcome upturn after several weeks of being under pressure. TC1 75k Middle East Gulf / Japan has gained 24.29 points to WS215 and its round trip TCE back up to over $20,000/day. TC5 55k Middle East Gulf / Japan also saw a similar rise of 27.86 ...
Clean LRs in the Middle East Gulf have again softened this week with available tonnage accumulating and open enquiry reducing. TC1 75k Middle East Gulf / Japan has lost 36.07 points to WS226.43 and its round trip TCE dropping just below $35k/day. TC5 55k Middle East Gulf / Japan has also taken a similar hit ...