The Baltic Briefing

Baltic Exchange Members News and Views

Week 34

VLCCs

It has been a lacklustre week for VLCCs as rates softened from about WS 37.5 at the end of last week for trips from the AG to the east to the low WS 30’s’

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Week 32

VLCCs

In the Middle East Gulf the market for long east has continued to weaken with rates for 270,000 tonnes initially down to WS 50, before S-Oil took two ships to Korea for 274,000 tonnes at WS 43 and WS 43.5 respectively. 

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Week 31

VLCCs

In the Middle East Gulf the market for long east has dropped significantly with rates for 270,000 tonnes now down to WS 56 representing a loss of almost 20 points from a week ago.

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Week 27

VLCCs

In the Middle East Gulf levels have continued to weaken with rates for 270,000 tonnes going to China down to WS 62.5/63 and Korean discharge has been covered at WS 60 by HOB while Chevtex midweek paid WS 66.5 for short east to Thailand.

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Week 24

VLCCs

Short east to Singapore-Thailand has been covered at WS 63/64 level while long east has been going at around WS 60/61 level for 270,000 tonnes cargo.

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Week 23

VLCCs

In the Middle East Gulf, the market softened further at the start of the week with rates for Singapore dipping down to around WS 63 and long east finding a new level of around WS 60/61 for 270,000 tonnes cargo.

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Week 17

VLCCs

An active start to the week in the Middle East Gulf saw the market continue to firm as PTT took two ships both at WS 69 for discharge Thailand and Chevtex also agreed WS 69 for a Singapore run, all basis 270,000 cargo.

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