The information is used by shipbrokers, owners & operators, traders, financiers and charterers as a reliable and independent view of the dry and tanker markets.
Tankers - VLCC
- Rates were flat this week on most of the routes in this sector.
- 270,000mt to China remains steadfast at around WS29 level.
- In the Atlantic, rates for 260,000mt West Africa to China remain unchanged at WS30, while 270,000mt USG to China rates dipped $150k to be assessed at a shade above $4.6m, having seen a fixture fall through from Bahamas to Ningbo at $4.65m.
Tankers - Suezmax
- Rates for 135,000mt Black Sea/Med recovered two points to WS44 and 130,000mt Nigeria/UKContinent remains around the WS30 mark.
- In the Middle East market, rates for 140,000mt Basrah/Med are up a point or two to WS14, although overnight we heard Tupras fixing the Frio at WS20 for a voyage Basrah/Turkey.
Tankers - Aframax
- In Northern Europe rates remained flat with 80,000mt Cross-North Sea WS72.5-75 region and 100,000mt Baltic/UKC at WS44.
- Across the Atlantic, for the third week sentiment remained weak and rates for 70,000mt Carib/USGulf remain pegged at WS45, while 70,000mt USG/UKC saw continued fixing activity firming rates by 2.5 points to around WS45.
Tankers - Clean
- For owners plying the 37,000mt UKC/USAC trade, it has been another difficult week with rates unable to gain any traction and the market still sits at around WS75.
- The clean market cross Med was unchanged at WS70.
Bulk carriers - Capesize
- By Friday, the market was overwhelmingly quiet as principles struggle to find common ground. The quick turn around is not yet a convincing rally as fixture activity fails to impress.
- Closing the week on a positive note will sit well for owners. However, follow through will be required next week to consolidate any gains.
- The alternative may be a return to the sideway drifting range bound territory seen in August - or possible further retreat.
Bulk - Panamax
- The Panamax market experienced something of a diverse week, with pockets of resistance appearing in places. But overall a flat to weaker tone beset the market culminating in the time-charter average starting out at $11,681 to close the week at $11,469.
- In the Atlantic, the US Gulf grain exports fared as the prominent market with a number of deals concluded on ballaster tonnage.
- In Asia, steady cargo flow from Indonesia and the NoPac during early part of the week helped to keep rates robust. However, demand enquiry seemed to diminish as the week drew to a close.
Bulk - Ultramax/Supramax
- The Black Sea meanwhile posted solid gains on increased grain, fertiliser and clinker volumes – the S1B route lifting $718 on the week, to reach $22,225.
- Brokers also said that the Continent, and Baltic remained positionally tight for those compelled to cover first half November cargoes.
- The period market meanwhile remained mute, although brokers pointed to the Aurora SB (2009 56,119), which was said to have fixed to Cargill for about four to six months at $8,750 basis delivery CJK – as a sign that belief in the market, was not universal.
Bulk - Handysize
- The Handysize market closely mirrored the larger supras this week, as the timecharter average lost an incremental $28 to close at $10,748. The HS4 US Gulf route proved to be weakest link, with the index shedding $1250 on the week as demand ebbed.
- Representative fixtures from the US East Coast, meanwhile, included the Buckaroo Bowl (38,233 2012), which was linked with Trithorn basis delivery Norfolk for a trip Egypt at $11,000, whilst the Puck (37,894 2012) was fixed by Norvic delivery Sparrows Point for a trip Tunisia at $11,500.
The full reports are available on Baltic Exchange’s website, under related category. Namely, the Baltic Exchange information is based on assessments made by a global panel of shipbrokers, covering voyage and timecharter rates for capesize, panamax, supramax and handysize bulk carriers; VLCC, aframax & MR tankers, LPG and LNG vessels as well as forward assessments, vessel values, market reports & fixtures and demolition values.