Tankers - VLCC

  • Rates tumbled in the Middle East with 270,000mt to China at WS36.5 region, down 19 points week-on-week.
  • The 280,000mt to US Gulf via the Cape/Cape routing is assessed eight points lower at WS23.5.
  • In the Atlantic it was a similar sorry tale with 260,000mt West Africa to China shedding 17.5 points to WS38 level.

Tankers - Suezmax

  • Rates found the baseline this week, with 135,000mt Black Sea/Med settling at WS48.75 – 1.5 points lower than last week – as 140,000mt Middle East Gulf to Med has remained flat at WS21.5 level.
  • In the 130,000mt west Africa to UKCont trade, rates collapsed about 10 points to mid-high WS30s early in the week.

Tankers - Aframax

  • In the Mediterranean market, rates for 80,000mt Ceyhan/Med have stumbled again and lost 2.5 points to WS57.
  • In Northern Europe, rates for 80,000mt Hound Point/UKCont gained a couple of points to WS75 level.
  • The 100,000mt Baltic/UKCont rates saw the same improvement to WS45 region

Tankers - Clean

  • Uninspiring week for owners plying the 37,000mt UKC to USAC trade, with rates remaining under pressure and the market eased five points to WS 80.
  • Tonnage is now tighter and brokers feel there is potential for a modest improvement here. It was a tale of two halves for owners looking for backhaul business from US Gulf where rates for 38,000mt to UKC initially dipped down to mid /high WS50s before nudging back to low WS60s.

 

Bulk - Capesize

  • Vessels are now being seen changing hands in healthy trading, while iron ore pricing continues to support cargoes coming to market.
  • The Brazil to China C3 is now trading often north of $20 as Vale has been active throughout the week amongst other traders.
  • News of a lessening of the east Australian quarantine measures is a heartening sign that some regions have been able to tackle their Covid-19 issues.

Bulk - Panamax

  • In the north Atlantic, solid demand for both trans-Atlantic and front haul trips saw rates continue to rise with $13,000 agreed for an 82,000dwt delivery this side for an Atlantic round trip.
  • In Asia, trading was somewhat curtailed by Chinese holidays.
  • Meanwhile, a very nice spec kamsarmax achieved low $11,000’s delivery Japan for a NoPac round trip. Period activity was negligible this week with significant falls on the FFA market.

Bulk - Supramax/Ultramax

  • With Asian holidays taking place, the routes within this area lost ground.
  • Period activity remained buoyant with a 63,000 open US east coast fixing three to five months trading redelivery Atlantic at $12,000 – and a 57,000 open Indian Ocean fixing five to seven months trading at $12,500.
  • From the Atlantic, sentiment remained strong with tight tonnage supply in many areas.

Bulk - Handysize

  • The market pushed further in the US Gulf, whilst charterers continued paying up.
  • There was a fair amount of volume moving in east coast South America but slightly slowed down towards the weekend.
  • Both HS3 route from east coast South America and HS4 route from the US Gulf have been climbing consecutively over a month, with an overall gain over $2,000 respectively. A 37,000-dwt was fixed from Rio Grande for a trip to the Continent at mid $9,000s.

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.

 

See also