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Markets > Market Reports > Clean Products > Negative correlation between activity and rates this week... Archive:
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Negative correlation between activity and rates this week...

17 December 2012

There appeared to be a negative correlation between activity and rates on clean voyages out of the Gulf this week. The LR2 market saw an increase in activity, but the rate on the Gulf-Japan route still fell to WS 115 as last week’s oversupply persisted. Meanwhile, although the LR1 market was not as busy, the rate for a Gulf-Japan voyage firmed by WS 5 points w-o-w to WS 145, on the back of a very tight tonnage list. Meanwhile, with the holiday season fast approaching, charters are now looking to cover their requirements for the Christmas period.

Latest Clean Products Fixtures
DateNameBuiltCargoChartererLoadDischargeRate
Sep-18MAERSK PROSPER2001 100,000 CLEAN ERGSIKKAMED RNR
Sep-18Hua Lin Wan2012 75,000 CLEAN MARUBENIAGJAPAN RNR
Sep-18STI ORCHARD2014 90,000 CLEAN BP AMOCOS KOREAUKC USD 2600000
Sep-18OCEAN LADY2008 80,000 CLEAN ENOCSIKKAEAST AFRICA WS 125
Sep-18GALWAY SPIRIT2007 75,000 CLEAN SHELLAGJAPAN WS 105
Sep-18SKS DODA2012 80,000 CLEAN WOODSIDE PETDAMPIERS KOREA WS 108
Sep-18LADY HENRIETTA2012 90,000 CLEAN SHELLJUBAILUKC USD 2825000
Sep-18CHAMPION PRINCE2012 75,000 CLEAN BP AMOCOAGJAPAN WS 107
Sep-17PACIFIC SKY2009 90,000 CLEAN CNRSIKKAUKC USD 2775000
Sep-16ELKA ATHINA2005 80,000 CLEAN CNRMEDJAPAN RNR
Sep-16PHOENIX DREAM2005 75,000 CLEAN MARUBENIAGJAPAN RNR
Sep-16LIWA V2011 75,000 CLEAN SAMSUNG TOTALDAMPIERJAPAN WS 106
Sep-16TRYSIL SPIRIT2012 80,000 CLEAN OTIARAOMAN USD 1100000
Sep-16TORM MARIE2006 80,000 CLEAN PETROCHINAAGEAST AFRICA RNR
Sep-15DL IRIS1998 75,000 CLEAN ITOCHUAGJAPAN WS 105
Sep-15PINK STAR2010 80,000 CLEAN SHELLQATARUKC USD 2800000
Sep-15MAKRONISSOS2002 75,000 CLEAN ITOCHUAGJAPAN WS 105
Sep-12SEA LEGEND2008 80,000 CLEAN KOCHARAJAPAN USD 2300000
Sep-12MORNING GLORY VIII2002 75,000 CLEAN ITOCHUAGJAPAN WS 105
Sep-11VAN PHONG 12004 75,000 CLEAN CNRAGJAPAN WS 105





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