Clean LR2 The TC1 75kt MEG/Japan index eased by eight points this week to WS1005, while the corresponding Baltic round-trip TCE edged up by $100 to $292,000/day. For the TC20 90kt MEG/UK-Continent run, the index dropped by $2.21 million to $19.29 million, corresponding to $297,300/day on Baltic round trip. The TC15 80kt Mediterranean/East index shed ...
VLCC tanker rates on the Baltic Exchange routes decreased this week, with the TD3C route (Middle East Gulf/China) falling by almost 47 points to WS1220.63, producing a daily round-trip TCE of $1,303,616 for the standard Baltic VLCC. The TD34 route (Gulf of Oman/China) experienced a sharper decline, losing almost 86 points to WS586.43, resulting in a round-trip TCE of $619,969/day. In the US Gulf/China route (TD22), rates fell by over $5.7 million, resulting in a daily round-trip TCE of just below $451,000.
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Council condemns attacks on merchant shipping in the Red Sea and Black Sea, mourns loss of 25th seafarer since onset of Strait of Hormuz conflict, and renews Secretary-General’s tenure.
MEPC 85 is coming up fast, and negotiations for what the Net Zero Framework will look like are increasing in intensity. With several proposals on the table, it is likely that the outcome will be a…
ARA Rotterdam’s B30-VLSFO (POMEME) price has dropped $133/mt in the past week, while the Dutch port’s conventional VLSFO price has fallen $77/mt over the same period.
Brazil–China freight pulled away from West Australia–China for a second week. C3 Tubarao–Qingdao rose by $2.93/mt to $36.80/mt; C5 West Australia–Qingdao rose by only $0.78/mt to $14.88/mt.
Rates for shipping containers from east Asia and China to the US were largely stable this week while rates for liquid chemical tankers ex-US Gulf were steady to higher.
Capesize The Capesize market experienced a mixed but ultimately firmer week, with an initial period of weakness giving way to improved sentiment and firmer conditions, although momentum remained…