Wet Bulk Update

September 21, 2016

 

Wet Bulk:

We hear from our friends at Clarkson’s the VLCC fixture activity is slow and rates are sliding accordingly on the AG>East routes to WS 34 (~$13,700 per day).  On a brighter note, the Suezmax routes are climbing on average to around $30,000.  To provide a bit of contrast, last year at this time VLCC rates were $72,300 and Suezmax rates averaging just over $56,000. 

 

The MR’s running US Gulf > Europe saw rates jump over 16% today.

LNG 160 & 140 remain unchanged.

 

 

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