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Tanker Report Archives

Click here to view the Latest Tanker Report

6 December 2019

Tanker report – Week 49

VLCC

Middle East Gulf rates came under persistent downward pressure early on, although by the end of the week, owners were pushing back.

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Filed Under: Tanker Report

29 November 2019

Tanker report – Week 48

VLCC

Owners’ expectations were firm at the start of the week with the market for 270,000mt Middle East Gulf to China peaking at Worldscale (WS)120.

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Filed Under: Tanker Report

22 November 2019

Tanker report – Week 47

VLCC

Rates in this sector continued their bounce-back, with 270,000mt Middle East Gulf (MEG) to China up 32 points to WS 110 level.

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Filed Under: Tanker Report

15 November 2019

Tanker report – Week 46

VLCC

With at least half of the VLCC market participants meeting in Dubai this week, fixture activity has been sporadic, with rates slipping slightly.

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Filed Under: Tanker Report

8 November 2019

Tanker report – Week 45

VLCC

Rates slid again as the market continues its return to ‘normality’.

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Filed Under: Tanker Report

1 November 2019

Tanker report – Week 44

VLCC

An increase in fixture activity saw rates slide again, as supply of tonnage still outweighs demand.

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Filed Under: Tanker Report

25 October 2019

Tanker report – Week 43

VLCC

Sentiment again played a big part as the markets fell globally.

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Filed Under: Tanker Report

18 October 2019

Tanker report – Week 42

VLCC

Although there were stratospheric rates seen on subjects last week, charterers did not lift subjects on a large proportion, thus regaining some control and forcing owners to kowtow.

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Filed Under: Tanker Report

11 October 2019

Tanker report – Week 41

VLCC

In the last few weeks we have mentioned huge market improvements.

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Filed Under: Tanker Report

4 October 2019

Tanker report – Week 40

VLCC

The markets made huge improvements, mainly due to the effects of an already tightening position list and the fallout from US sanctions on Cosco.

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Filed Under: Tanker Report

27 September 2019

Tanker report – Week 39

VLCC

With 10 days having passed since the Saudi oilfield attacks, the Middle East Gulf market had calmed, and rates dipped.

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Filed Under: Tanker Report

20 September 2019

Tanker report – Week 38

VLCC

The attack on Saudi Arabia led to volatile bunker prices and owners capitalised on this with Middle East Gulf rates for 280,000mt to US Gulf basis Cape to Cape now being rated up four points at WS 31 level, whilst 270,000mt to China gained around 15 points to WS 69 region.

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Filed Under: Tanker Report

13 September 2019

Tanker report – Week 37

VLCC

Middle East Gulf rates recovered slightly with 280,000mt to US Gulf, basis Cape to Cape now being rated up a point at WS 26/27 level.

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Filed Under: Tanker Report

6 September 2019

Tanker report – Week 36

VLCC

Rates in the Middle East Gulf fell this week, as 280,000mt to the US Gulf, basis Cape to Cape, is now assessed two points lower at WS 25.

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Filed Under: Tanker Report

30 August 2019

Tanker report – Week 35

VLCC

Middle East Gulf rates to Eastern destinations lost the five to six points gained a week ago, leaving 270,000mt to China at WS 60 level, whilst 280,000mt to US Gulf, basis Cape to Cape, eased two points to WS 28.

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Filed Under: Tanker Report

23 August 2019

Tanker report – Week 34

VLCC

Rates in the Middle East Gulf continued an upward trajectory, with 270,000mt to China at WS 66, up about five points and 280,000mt to the US Gulf, basis Cape/Cape, rated at WS 30, an increase of three points.

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Filed Under: Tanker Report

16 August 2019

Tanker report – Week 33

VLCC

Middle East Gulf rates initially eased, with rates for 270,000mt to China hovering around WS 52/54 region before WS 57 was agreed for ‘East’ discharge.

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Filed Under: Tanker Report

9 August 2019

Tanker report – Week 32

VLCC

Middle East Gulf rates improved significantly on the back of healthy enquiry and typhoons hitting the Far East.

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Filed Under: Tanker Report

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