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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.

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Jun-23STI GRACE2016 80,000 CLEAN ST SHIPPING SINGAPORE WS 85
Jun-23ZALIV VOSTOK2009 90,000 CLEAN TOTAL UKC USD 1800000
Jun-23NEW ACCORD2009 80,000 CLEAN UNIPECBAYU UNDANCHINA RNR
Jun-23MYRTOS2009 90,000 CLEAN TOTAL UKC USD 1775000
Jun-23SONGA CORAL2005 80,000 CLEAN SHELLDAMPIERTUBAN WS 115
Jun-23DENSA CROCODILE2015 80,000 CLEAN BP AMOCOAGJAPAN WS 80
Jun-22TBN VESSEL0 75,000 CLEAN BP AMOCOAGJAPAN RNR
Jun-22GREAT WHITE1999 90,000 CLEAN AUGUSTAAGEAST AFRICA WS 87.5
Jun-22CAPTAIN SPIRO2014 80,000 CLEAN CARGILLAGJAPAN WS 80
Jun-22SCORPIO TBN2004 80,000 CLEAN ATC RAS TANURA RNR
Jun-22TBN VESSEL0 80,000 CLEAN CNRKUWAITINDONESIA WS 117.5
Jun-21FS ENDEAVOR2012 75,000 CLEAN PDCAGJAPAN WS 80
Jun-21SKS DODA2012 75,000 CLEAN SHELLAGJAPAN USD 1825000
Jun-21OCEAN EXPLORER2009 75,000 CLEAN TRAFIGURAAGJAPAN WS 80
Jun-21PHOENIX LIGHT2009 75,000 CLEAN MARUBENIAGJAPAN WS 80
Jun-21RATNA NAMRATA2008 75,000 CLEAN ITOCHUAGJAPAN WS 80
Jun-21SWARNA JAYANTI2010 80,000 CLEAN RELIANCESIKKAUKC RNR
Jun-21TBN VESSEL0 75,000 CLEAN KOREANAGJAPAN WS 80
Jun-21DENSA CROCODILE2015 80,000 CLEAN ATC RAS TANURA RNR
Jun-21MINERVA PISCES2008 85,000 CLEAN LITASCOVYSOTSKJAPAN USD 1850000





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