Morning Tanker Market Commentary
March 31, 2014
VLCC | While little activity has been reported since last week, there are ample rumors of open cargoes in the AG.
Activity in the Atlantic is performing at a slow pace.
VLCC | While little activity has been reported since last week, there are ample rumors of open cargoes in the AG.
Activity in the Atlantic is performing at a slow pace.
VLCC | There has been little activity since yesterday as it seems April stems in the AG have mostly been covered. Rates in the Atlantic Basin have been slower to weaken than the AG.
VLCC | The pace of fixing has picked up, which means we could see the list tighten if the level of activity is maintained
VLCC | Despite consistent activity, the tonnage list between now and mid-April is keeping rates steady at the low end of the fixing range
VLCC | Several cargoes are working in both the AG and West Africa; however, because of the amount of current oversupply, we expect rates will continue to be under downward pressure in the coming week.
VLCC - Markets continue to be over-tonnaged and rates are weak in all sectors.
VLCC - The AG market is active, but still too many ships available for each requirement.
VLCC - Charterers are still slow to fix in the spot market for VLCCs and worlscale levels in the AG are weaker than
yesterday.
VLCC - Rates are steady from the AG for both East and West Destinations.
April stems from Saudi have been received by Charterers and it is just a question of when they will be
worked.
VLCC - April stems have arrived in the AG as rates level off.
VLCC - Rates seem to have stabilized as more cargoes come to the market in the last ten days of March.
VLCC - Charterers appear to be active in the AG today as roughly a dozen requierements are in the market.
Charterers are still moving slowly in the AG, and those that are working are receiving a high number of offers. West Africa remains quiet at this time.
VLCC - Charterers are still moving slowly in the AG, and those that are working are receiving a high number of
offers.
VLCC - Several cargoes are listed as expected for loading in the fourth week in March, however few of them are
working yet.
VLCC - The AG market has been busy this week, and March fixtures have exceeded 100 with a few more
requirements to be met.
VLCC - Worldscale levels continue to weaken in the AG and West Africa.
VLCC - While little fixing has been done in the AG, a number of requirements have been queuing and will likely fix
soon.