VLCCs Climbing the Record Charts
Clean LR2 The TC1 75kt MEG/Japan index decreased by only a single point this week to WS928. The corresponding Baltic round-trip TCE fell by $2,000 to $267,600/day. For the TC20 90kt MEG/UK-Continent run the index increased by $1.03 million to $18.40 million, corresponding to $281,800/day on Baltic round trip. The TC15 80kt Mediterranean/East index increased ...
VLCC rates for the Baltic assessed routes continued to climb this week, with TD3C (270,000mt Middle East Gulf to China) climbing 115 points to WS1,318.75, giving a daily round-trip TCE of $1,412,594 for the standard Baltic VLCC. TD34 (Gulf of Oman/China) rose 62.5 points to WS841.07, giving a round-trip TCE of $912,660/day. In the Atlantic market, the rate for the 260,000mt West Africa to China route (TD15) improved by 111 points to WS750.63, giving a round-trip TCE of $763,031/day, while the US Gulf to China route (TD22) surged by a further $24.8 million to $79,611,111, which gives a daily round-trip TCE of $637,675.
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