The Baltic Exchange, the world’s independent source of maritime market data, has issued its reports for the last week, 9-13 November 2020, to provide information of the tanker and bulk market performance.
The information is used by shipbrokers, owners & operators, traders, financiers and charterers as a reliable and independent view of the dry and tanker markets.
- In the Middle East, 280,000mt to USG via the Cape/Cape routing remains assessed at WS15 and 270,000mt to China continued to hover around WS26.
- In the Atlantic, rates for 260,000mt West Africa to China again held around the WS29 level and $4.5-4.525m region for 270,000mt USG to China.
- Rates for 135,000mt Black Sea/Med saw a 1-point gain to WS46, while owners in the 130,000mt Nigeria to UKContinent market were able to push rates up to just shy of WS40.
- In the Middle East market rates for 140,000mt Basrah/Med held at just below WS22.
- In the 80,000mt Ceyhan/Lavera market, owners managed to claw back three to four points to about WS67.
- In Northern Europe a marginal one point increase to WS70 level was seen for 80,000mt cross-North Sea and 100,000mt Baltic/UKC remained flat at the WS41 mark.
- In the Middle East Gulf/Japan trade, owners were able to capitalise on a firmer market with rates for 75,000mt improving 16 points to mid-WS70s.
- The LR1 market, meanwhile, saw an eight point increase to WS73.5. The MR market also saw a nine-point gain to WS110 for the 35,000mt AG/East Africa trip.
- The C3 Tubarao-China route duly lost 68 cents to close at $13.71 on the week.
- The C5 West Australia-China assessment, meanwhile, dropped 56 cents to reach $6.55 with the underlying market spread said to have widened late on Friday to $6.40 at $6.80.
- For early December arrival, an 81,000-dwt retro sailing North China agreeing $11,250 midweek and repeated a few times.
- Median rates for earlier arrival dates sat at $15,000 + $500,000 delivery APS.
- EC South America fixtures remained sporadic with low-mid $13,000 + low-mid $300,000 appearing the mean average agreed for Kamsarmax tonnage.
- A 63,000-dwt was fixed delivery west Africa for four to six months trading redelivery worldwide at $13,500.
- The US Gulf ended the week on a positive note with the Ultramax size seeing around $23,000 for trips to Singapore-Japan and mid to upper teens for transatlantic runs.
- A 31,000-dwt delivery on the Continent was fixed for a trip to Algeria at $13,000 and another 32,000-dwt delivery Dordrecht fixed a similar run at $14,000.
- A 39,000-dwt delivery Bremen was fixed for moving a scrap cargo to Turkey at $16,000.
- A 40,000-dwt delivery US Gulf was fixed for a trip to west coast Central America with petcoke at $23,000.
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.