Tanker Report – Page 12 – The Baltic Briefing

24 April 2015

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.

17 April 2015

Week 16

VLCCs

In the Middle East Gulf, the market has remained steady, with rates for Singapore basis 270,000 tonnes holding at WS 65 and long east at around WS 62.5.

13 April 2015

Revised tanker benchmark specifications

Following previous discussions with panellists, users and the market, the BEISL board has approved the following proposed amendments to the benchmark tanker descriptions for speeds &

10 April 2015

Week 15

VLCCs

In the Middle East Gulf, there was an initial dip in the market as the Easter holidays took their toll –

27 March 2015

Week 13

VLCCs

In the Middle East Gulf, charterers have largely held the upper hand.

20 March 2015

Week 12

VLCCs

In the Middle East Gulf, the market has been under further pressure this week.

13 March 2015

Week 11

VLCCs

In the Middle East Gulf, the market has been steady this week.

6 March 2015

Week 10

VLCCs

The Middle East Gulf continued to weaken with S-Oil fixing 272,000 tonnes to Onsan at WS 49.5 and China discharge went at both WS 52 and 53 level, while Korean discharge is understood to have been covered at WS50.5 and now rumoured a shade less at WS 49.

27 February 2015

Week 9

VLCCs

In the Middle East Gulf, it has been another slow week and rates continued to ease.

20 February 2015

Week 8

VLCCs

In the Middle East Gulf, rates have remained under pressure as the February program is completed.

13 February 2015

Week 7

VLCCs

In the Middle East Gulf rates have been in gentle decline as I.P.

6 February 2015

Week 6

VLCCs

At the start of the week, rates in the Middle East Gulf went in to freefall as a combination of surplus tonnage and a light February programme took their toll.

30 January 2015

VLCC tonnage building, while suezmax rates climb

VLCCs

With open tonnage building up and fewer cargoes available, Middle East Gulf rates have been under pressure.

23 January 2015

Varied market as VLCCs bask in storage interest

VLCCs

Rates in the Middle East Gulf have held around WS 67.50-70 level for 270,000 tonnes to South Korea/China.

16 January 2015

A good week for owners

VLCCs

In the Middle East Gulf, rates peaked, with WS 72.5 said to have been fixed by SPC for a short run to Singapore.

9 January 2015

Strong start to the year for VLCCs

VLCCs

In the Middle East Gulf, the New Year started with good activity leading to rates for 270,000 tonnes going east increasing from WS 60 to a shade above WS 70.

19 December 2014

Promising week for VLCCs, while aframax Med rates slump

VLCCs

In the Middle East Gulf, owners have enjoyed another successful week with rates for 270,000 tonnes being covered at WS 80/83 level for Singapore-Japan respectively giving owners a return above $80,000 per day, and their highest returns of the year.

12 December 2014

Positive week in ME Gulf, while rates slide in West Africa

VLCCs

From an owners’ perspective, it has been a positive week in the Middle East Gulf.