Clean Market Report – Week of April 17-21, 2017
RATE ESTIMATES FOR THE ATLANTIC/AMERICAS/WEST AFRICA AND UK CONTINENT CONT/TA……:WS165 SOFT BACK FIRM UKC/WAF……:WS185 SOFT “ “ CBS/USAC…..:WS150 FALLING USG/UKC……:WS110 DROPPED USG/BRAZIL…:WS157.5 STEADY USG/CBS……:LS450K DROPPED USG/ECUADOR..:LS950K SOFTER USG/PERU…..:LS1.05M SOFTER USG/CHILE….:LS1.25M SOFTER USG/LAZARO…:LS900K FLAT USG/ROSARITO.:LS1.0M FLAT USG/WCCA…..:LS900K FLAT USG/FEAST….:LS1.3M STEADY ********** FIXTURES *************************************************************************************************** AMERICAS USG/CBS/ECMEX/LATIN AMERICA/USWC/ECC VESSEL QTY CGO LOAD/DISCHRGE DATE RATE CHARTERER MARKET…
Read MoreShipping News – February 8, 2017 – Platts
Venezuela tanker delays costly Some owners charging upfront because of long waits at ports FEATURE Houston—Tanker owners have started pushing for “undisputed demurrage” clauses into charter party agreements for ships traveling to Venezuela because of long delays for port calls, some exceeding 30 days, knowledgeable industry sources said. The undisputed demurrage is usually paid on…
Read MoreVLCC Market Report – April 20, 2017
MARKET DIRECTION……..: POISED MARKET REPORT………..: IT SEEMS LIKE ONE OF THOSE DAYS IN 2015-16 WHERE VLCC’S COULD GET OVER 6 MILLION USG/CBS-SPORE. THE SAME MARKET CONDITIONS THAT ENABLED OWNERS TO ACHIEVE THOSE RATES ARE BACK IN FORCE TODAY. THE PROBLEM IS, WHY IS THIS HAPPENING? OPEC CUTTING PRODUCTION, PRICE OF CRUDE DROPPING BECAUSE THERE IS TOO…
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