Market Bulletin

With increased activity, the postion list in the East is looking tighter, allowing rates to firm. Rates in the Atlantic basin have firmed on the back of the Suezmaxs

Route WS-Rate Change USD/Day Trend
1. AG - EAST 60 4 32,000 2. WAF - USG 60 0 33,000

1. WAF-AC:  Slight firming for the last decade of May with a 5 point increase, however, most of the increase in daily returns comes from the reduced bunker pricing.

2. Black Sea - Med: The market has picked up on the back of a stronger WAF market, The Turkish straits delays 1 day each way.

Route WS-Rate Change USD/Day Trend
1. WAF - AC 92.5 +10 30000 2. Black Sea - Med 95 +12.5 27,000

1 NSEA-UKC -  Very little activity in the North Sea, rates going sideways.

2 Baltic - UKC ice - N/A

3 Baltic - UKC no ice -  Steady flow of cargoes, keepnig rates flat. With $20pmt off the bunker price returns have imrpoved

4 Cross Med - Limited activity still, plenty of vessels, rates dragging along the bottom.

5 Far East -  Rates had soften 5pts from last week, but due to softening bunker prices returns did strengthen in a falling market

Route WS-Rate Change USD/Day Trend
1. NSEA - UKC 95 0 14,700 2. Baltic - UKC (ice class) n/a n/a n/a 3. Baltic -UKC (no ice) 75 0 12,500 4. Cross Med 85 -2,5 6,000 5. AG - Singapore 92.5 +/- 0 4100

1. CARIBS -   Activity seems to have decreased a little beet week on week.  We see that dates and port restrictions are the biggest influencer of rates.   

2. FAR EAST - rates remain flat hovering ws110-112.5, but bunker falling save the day. $100 savings per mt on bunker return roundtrip to 4.9k

Route WS-Rate Change USD/Day Trend
1. CARIBS-USG/USAC 50 x 155 +5 12000 2.Indo - Japan/Korea 112.5 +2.5 4900

1. Rotterdam - New York - Good activity through the week and the market is finally gaining momentum with ws150 on subs. fingers crossed there will be continued activity in next week

2. Caribs - Cargoes in the Caribbean market is rather limited and freight rates remain at a soft level.

3. Houston - A.R.A. - (only the back haul leg) Tonnage has started to clear out this week leaving only a few prompt ships in the area. With the ULSD arb open Charterers are eagerly quoting cargoes to the continent. Despite this rates did not take off until the second half of the week as Charterers have had difficulty matching owners firm rate ideas.

Route WS-Rate Change USD/Day Trend
1. UKC - USAC (clean) 150 +10 7,000 2. CBS - USAC (clean) 120 +/-0 4,800 3. USG - T/A (clean) - back haul 75 +17.5 5,200

BUNKER ESTIMATES

Port   Change USD/MT Trend
Fujairah -25 682,5 Rotterdam -21 649 Singapore -24 679