Clean LR2 The TC1 75kt MEG/Japan index shed 99 points this week to WS1003, with the corresponding Baltic round-trip TCE falling by $33,200 to $288,700/day. For the TC20 90kt MEG/UK-Continent run, the index edged up by $43,800 to $21.86 million, corresponding to $342,700/day on Baltic round trip. The TC15 80kt Mediterranean/East index dropped by $830,000 ...
The VLCC market is reportedly bottoming out, with rates finding a floor at the end of last week and rebounding this week. The TC2 37kt ARA/US Atlantic Coast index declined by 5 points to WS226, while the corresponding Baltic round-trip TCE fell by $1,000 to $16,600/day. In the US Gulf, the TC14 38kt US Gulf/UK-Continent index climbed by 46 points to WS496, with the round-trip TCE increasing by $9,300 to $73,500/day. The MR Atlantic Triangulation Basket TCE climbed from $77,900/day to $85,500/day.
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The US Trade Representative (USTR) will take public comment through 30 October and is suspending the implementation of port fees for Chinese vessels by two months as officials from both countries…
US Trade Representative suspends Chinese vessel port fees for 2 months
Fees were set to begin November 10th, now delayed to January 9th
Decision pending public comment and further Chinese negotiations
Prices for high-value vessels, including liquefied natural gas (LNG) carriers and ultra-large container ships, have begun to decline despite rising demand.
Europe Rotterdam’s B30-VLSFO (POMEME) price has dropped $36/mt in the past week, even as the Dutch port’s conventional VLSFO price has gained $23/mt over the same period.
Rotterdam's B30-VLSFO price dropped $36 per metric tonne over the past week
Feedstock costs, indicated by UCOME and POMEME, decreased by $57 per metric tonne each
B100's discount to LSMGO widened to $740 per metric tonne, boosting B100 demand
Earlier this week, Drewry hosted one of its regular webinars examining the outlook for the container shipping market and the forces shaping the supply-demand balance in 2027.
Rates for shipping containers from east Asia and China to the US were mixed this week as capacity on the trade lane is expected to tighten slightly and import demand is expected to ease.
Container rates between Asia and US tighten, import demand slows
Drewry rates drop 6% from Shanghai to LA, 5% from Shanghai to NY
US chemical tanker freight rates rise, space for larger parcels scarce
Capesize The market gathered momentum through the week, with improving sentiment and stronger fixing activity across both basins driving a broad-based recovery.