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Market report week 14

The Atlantic wasn’t a Happy place for the Owners this week. TC2 dropped from WS170 back to WS145. WAF inquiries were few and paid 10-12.5 points premium. TC14 still trading around WS100.  The Baltic can be visited without ice class again so ICE premiums have also disappeared. The party for the handies in the MED came to a grinding halt, rates went down from WS265 for X MED at Monday to WS200 by  Friday and Black Sea probably 20 points extra but hardly tested. Repsol paid WS235 for Spain/Canaries for a jet cargo. Also in the North the sentiment isn’t

Market report week 13

The MR’s in the Atlantic had a good week where TC2 inspired by strong US demand climbed up to WS200 at the end of the week. WAF loaders were very few and should pay around WS220 but to be tested. TC14 traded sideways at WS 95-97.5.  MR’s from the MED were paid around 1 Mln USD for AG. The LR1’s traded at WS 120 on Cont./WAF run, Sahara covered 60k condensate WAF to Korea on SCF Plymouth but rates unreported.  Chevron covered 60 GTL Escravos/UKC at WS 100 on GEM no.3. Sahara was rumored to do 60k gasoil from AG