North Sea Aframax Rates Rise

Friday, February 11, 2000
North Sea Aframax rates sky rocketed on Friday as continuing pressure to charter modern tonnage strengthened all tanker markets, shipping brokers said. Rates as high as W175 ($6.50 per ton) were reported on Friday, up from up to about W140 ($5.25) on Thursday, for 80,000 ton ships on inter-continent voyages. Strong 140,000 ton Suezmax markets also meant virtually no new ships were available in Europe to mop up double Aframax cargoes, brokers said. Some 1970s built units were spot off Gibraltar with no takers, while around them modern double hull ships were being booked two or three weeks in advance, broker Galbraith's said in its weekly report. Suezmaxes were heading for West Africa where rates have also climbed, to around W117.5 ($10.75 per ton) for the U.S., or the Mediterranean where rates have achieved W125 ($4.15) and more, brokers said. The 1991-built Front Birch was reported at an exceptional W140 ($4.65 per ton) for Ceyhan-Augusta. Five VLCC fixtures out of West Africa were also reported Friday as charterers combined cargoes to escape the high Suezmax prices. Rates put on a few points to W65-67.5 ($6.25 per ton) for the U.S. Gulf and W70 to Europe.
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Maersk to Install Transas ECDIS on 100 Vessels

Maersk Line, the world's largest container company, has selected Transas Marine for ECDIS implementation on more than 100 vessels, Transas announced today. The

Rotterdam Gate LNG Terminal Expansion Started

Dutch gas network operator Gasunie and tank storage service provider Vopak said on Monday that the expansion of their Gate liquefied natural gas (LNG) terminal in Rotterdam has begun.

ECDIS to be Installed on 100 plus Maersk Vessels

Maersk Line selected Transas Marine for  ECDIS implementation on  more than 100 vessels.   The contract features Transas state-of-the-art Navi-Sailor ECDIS 4000

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1418 sec (7 req/sec)