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Wednesday, April 25, 2018

UPWARD MARKET TREND SINCE NOVEMBER 1999

VLCC: Since 18 May 2000 the AG to Japan rates has been between WS 100-112 (t/c equiv. rate USD 48,500-USD 49,100/day based on end June bunker prices and modern VLCC). Average so far this year has been WS 81 (USD 30,900/day).

Suezmax: Rates West Africa the US has shown an upward trend since November 1999. Highest rate WS 166 19 June (USD 29,600/day). Average so far this year WS 100 (USD 12,800/day).

Aframax: Caribs to US Gulf (70,000 t) increased from WS 150 end April (USD 18,100/day) to WS 280 June 20 (USD 41,750/day).

Products: in general rates (Caribs-USAC 30,000 t) are still volatile but on a higher level.

Graphs are available for all trades: please visit the INTERTANKO tanker market pages on our web’s members' area.