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Baltic Exchange: Maritime market highlights 2-6 Nov

The Baltic Exchange, the world's independent source of maritime market data, has issued its reports for the last week, 2-6 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. Tankers -VLCC In the Middle East, 280,000mt to USG via the Cape/Cape routing remained at a fraction above WS15, while 270,000mt to China continued to achieve WS26. In the Atlantic, rates for 260,000mt West Africa to China held around the WS29 level and $4.55m region for 270,000mt USG to China. -Suezmax Rates for 135,000mt Black Sea/Med were maintained at around WS45, while for 130,000mt Nigeria to UK Continent saw a modest two-point gain to between WS32.5 and WS35. In the Middle East market, rates for 140,000mt Basrah/Med improved by about four points to around WS20-22.5 level, with Turkish and Greek charterers fixing at WS20 and a US oil major reported to be replacing a failed WS20 fixture at WS22.5 on an ex drydock vessel. -Aframax  Rates for 80,000mt Ceyhan/Lavera fell back about three points to just over WS61. In Northern Europe rates weakened ...

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