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 April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Thuraya Debuts Most Advanced Satellite Phone

Thuraya Telecommunications Company today launched the industry's most advanced satellite phone, the Thuraya XT-PRO. Targeted at professional users across a range

Research Award to Honor Outgoing ABB Chairman Gruenberg

ABB, the leading power and automation technology group, has created an international research award to honor Hubertus von Gruenberg, who is stepping down after

DNV GL's Walk to Work Guidelines for Offshore Personnel

Offshore facility operators can now consider an alternative and more cost-effective means to transfer personnel to and from their facilities, which is safe, efficient and regulatory compliant.

Tanker Trends

BP Shipping Marks its 100th Year

BP Shipping today celebrates its 100-year anniversary, making it the longest continually operating company in the BP group. Formed on April 30, 1915 as the British Tanker Company,

Cyclone Threat Closes Australian LNG Port

SYDNEY, May 1 (Reuters) - An Australian port used by Chevron for liquefied natural gas exports has been forced to close by a cyclone off the country's west coast.

Growth Potential of European Short Sea Shipping Untapped

A coalition of European shipping sector organisations, led by the European Community Association of Ship Brokers and Agents (ECASBA), has called on the European Parliament,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Ship Electronics 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: 0.1507 sec (7 req/sec)