Clean East | The AG market is on a firm run, with more fixtures seen on the LRs and the MRs. The south is also starting to hold steady with the activity seen in the Gulf. However the North is getting quiet again after the flurry of LR cargoes being covered and not many MR cargoes are seen coming out in middle of February.
Clean East | The AG market has begun this week on a stable note. LR2s are still tight and rates are expected to increase. It's the exact opposite situation for the LR1s. The South is still holding stable as well and LR backhauls are still busy as the list is getting tight and ships are being put on subjects.
In 2014, the dirty and larger clean tanker segments straddled the line of recovery, while the smaller clean tankers remained under pressure despite positive expectations from the majority of market participants. Global spot market activity continued to rise from 2013 and the dirty tankers posted an increase of 6%, while the clean ships saw roughly 892 more fixtures year-on-year.
VLCC Although this segment was still faced with oversupply, fleet consolidation reduced the number of entities controlling those ships. This helped inject some volatility into the rates throughout the year. There was also a shift in general market sentiment after the ...
Clean East | Depsite the activity seen on the LR2s in the AG - sentiment is still soft. The list is getting longer which is preventing rates from making any headway. LR1s are losing their piece of market share to the LR1s, while MRs are holding stable. The Southeast is becoming more active and ships have been put on subjects for shorthaul voyages. In spite of this activity though, the list is still plentiful. MRs are seeing some activity in the Far East, but still no upward pressure on rates.
Clean East | The AG market continues to remain weak due to a lack of activity and a long tonnage list. Even the MRs are coming off as well. The South is also soft, but some activity seen. MRs in the North are becoming more active and ships are being reported on subjects. The LRs, on the other hand, are still active as some LR cargoes are seen for the first decade of February.
Clean East | The AG market continues to slide on the LR2s. Hearing WS 85 was done on TC1 and the list is still long. The LR1s will probably follow suit as well. The South is still weak and the North is holding stable on the LR backhauls.
Clean East | The LR2s are softening due to weak sentiment. The LR1 list is also getting longer and rates are expected to fall, which will narrow the LR1/LR2 spread. The South and North remain flat and the LRs are seen firm on the backhauls.
Clean East | The LR2s in the AG are starting to soften and hearing 75,000 x WS 87.5 was put on subjects. The LR1s are also softening as more cargoes are being moved on LR2s. MRs are still soft in the Southeast and Far East, but the LRs on the backhauls are active.
Clean East | Although there's been activity on the LR2 tankers, there wasn't enough to push rates up and the market remains soft. LR1 tankers are lacking in activity with no fresh cargoes being seen. The Southeast and Far East markets are getting weaker, especially on the MRs.
Clean East | The AG market is softening despite LR2s being active. The Southeast and Far East are also softening against a longer tonnage list.
Clean East | The East of Suez market continues to be soft and although the LR2s are getting tight - rates are not rising. The LR1s are starting to ease off, but promptish positions are still tight. The Southeats and Far East are both quiet and the list is getting longer, so expect worldscale rates to come down.
Clean East | As the New Year kicks off, not much change has been recorded East of the Suez as quite a number of traders are still away. We expect activity will begin to pick up in the coming week. The North is getting softer and we are hearing a mid-January cargo (Ulsan/Singapore) was done on a Korean tanker below US $450,000.
