Clean Tanker Rates Tank

Friday, February 23, 2001
Rates for clean tankers in the Caribbean have dropped by nearly a quarter in the last 10 days, falling below the W300 mark for the first time since last July. London's Baltic Exchange closed Thursday with its assessment of the route pegged at W293 for 30,000 ton cargoes to New York. It put transatlantic 30,000 ton cargoes at W304, 19 percent down on 10 days ago. U.S. brokers said the decline stemmed entirely from the closure of the Atlantic arbitrages for gasoline and gasoil, and that tankers were piling up on the U.S. Atlantic coast with very few cargoes to carry. But brokers in London remained upbeat. "It's not all that bad," said one, adding that 30,000 ton Caribs upcoast cargoes of naphtha were still being fixed at around W350 and other clean cargoes at around W310. Caribbean clean tanker rates peaked in December at over W440 for 30,000 ton cargoes while transatlantic clean tanker rates peaked at the same time at W480. - (Reuters)
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

USCG Rescues Unconscious Boater

The Coast Guard rescued an individual from a marsh flat in Barataria Waterway located approximately six miles north of Grand Isle, Tuesday. Coast Guard Sector

SHIPPINGInsight to Focus on Ship Telematics

The subject of ship telematics will be prominently featured at the upcoming SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition, which takes place in Stamford, Conn.

Euronav Acquires $ 750 mi Facility

The Executive Committee of Euronav NV today announced that it has signed a new USD 750 million senior secured amortizing revolving credit facility led by DNB

Tanker Trends

SHIPPINGInsight to Focus on Ship Telematics

The subject of ship telematics will be prominently featured at the upcoming SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition, which takes place in Stamford, Conn.

NewLead's MT Nepheli Update

NewLead Holdings Ltd.announced today a review of the commercial performance of one of its bitumen tanker vessels, the MT Nepheli since the vessel was delivered to NewLead's fleet.

Joe Pyne Joins DHT Holdings’ Board of Directors

Crude oil shipper DHT Holdings, Inc. announced today that it has appointed Joseph H. Pyne to its board of directors, expanding the board from three to four independent directors.

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Port Authority Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.5299 sec (2 req/sec)