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Morning Tanker Market Commentary

April 30, 2014

VLCC | TCE levels in the AG and the Atlantic Basin remain steady, as new requirements are coming into the market.
 

Clean East | The East of the Suez market continues to be quiet as Golden Week holidays have commenced.  LR1s are holding firm as they wait for more inquiries to enter the market. LR2s are looking a bit more sluggish and rates are under pressure. The Singapore region looks to be softening and the North market is holding firm. 

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Morning Tanker Market Commentary

April 29, 2014

VLCC | Rumors of fresh requirements in the AG are beginning to show, as little has been fixed recently. Worldscale levels remain steady in West Africa.

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Morning Tanker Market Commentary

April 28, 2014

VLCC | The market remains mostly quiet as there is little enquiry in the AG or Atlantic Basin.

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Morning Tanker Market Commentary

April 25, 2014

VLCC | Charterers have pushed owners below the ws40 mark for AG/East. With little fresh enquiry, owners rates will continue to be under pressure.

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Morning Tanker Market Commentary

April 24, 2014

VLCC | Rates in West Africa and the West are steady, but under downward pressure as potential ballasters from other areas are coming to the Atlantic Basin. In the AG, there is a general slowness in activity which is also putting some downward pressure on rate levels.

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Morning Tanker Market Commentary

April 23, 2014

VLCC | The AG market is mostly quiet, as there are only a handful of available cargoes. Worldscale levels in West Africa are remaining steady at the moment.

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Morning Tanker Market Commentary

April 22, 2014

VLCC | The market is currently quiet as there is little enquiry in the AG as well as the Atlantic Basin. Many western companies are just returning from recent holidays.

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Morning Tanker Market Commentary

April 21, 2014

VLCC | The market is relatively quiet as many Western offices are still off for the Easter holiday.

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Morning Tanker Market Commentary

April 17, 2014

VLCC | Worldscale rates remain steady this morning, as the market is mostly quiet. Holidays in the West may keep activity at its current level until next week.

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Morning Tanker Market Commentary

April 16, 2014

VLCC | Rates remain level and May dates have arrived in the AG. Some VLs are being taken ex-West Africa, as suezmax rates have been on the rise this week.

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Morning Tanker Market Commentary

April 15, 2014

VLCC | Charterers are taking their time to push May dates in the AG, as worldscale levels have weakened slightly in the region. West Africa rates may improve as the Suezmax market is firming.

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Morning Tanker Market Commentary

April 11, 2014

VLCC | The week is ending on a quiet note, and May stems are fast approaching in the AG. Owners will try to regain their early-week momentum and push the rates higher.

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Morning Tanker Market Commentary

April 10, 2014

VLCC | The number of fixtures done ex-AG in April have exceeded their 2013 figures, as May stems will be arriving soon. TCE levels throughout the market remain steady at the moment.

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Morning Tanker Market Commentary

April 9, 2014

VLCC | Worldscale levels are steady at the moment in the AG, but owners have opportunities for higher rates. Rates in the Atlantic Basin have firmed since yesterday.

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McQuilling Announces Launch of EDPIshiprepair.com

April 9, 2014

The McQuilling Partners Group is pleased to announce the launch of EDPIshiprepair.com in support of the Brasil Basin Drydock Company (BBDC) project in Paraiba, Brazil. The new website provides in depth information regarding the ship repair yard location, facility and project team as well as a media center and contact information. 

Visit www.EDPIshiprepair.com to learn more. 

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Morning Tanker Market Commentary

April 8, 2014

VLCC | The market is approaching 100 fixtures out of the AG for April, as end-month requirements are being taken. There is some upward pressure at the moment, but owners will have to work for it.

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Morning Tanker Market Commentary

April 7, 2014

VLCC | Worldscale rates for eastbound voyages have been firming slowly since last week, and there are many requirements yet to be taken.

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Morning Tanker Market Commentary

April 4, 2014

VLCC | It is an active day for a Friday as eastern charterers seem to be negotiating and fixing before the weekend. Rates are firming slightly in the AG and also in the West.

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Morning Tanker Market Commentary

April 3, 2014

VLCC | There has been an uptick in activity this week, and it appears as if there is more business to be taken in the AG and the Atlantic Basin.

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Morning Tanker Market Commentary

April 2, 2014

VLCC | Worldscale levels AG/East are firming slightly, as the rest of the market remains steady. There are also a number of available requirements in the Atlantic at the moment.

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Morning Tanker Market Commentary

April 1, 2014

VLCC | AG/East continues to hold in the high WS 30s. Activity picked up slightly in the West and rates are flat

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