Tankers In Correction Mode This Week

Tankers In Correction Mode This Week
Clean The Atlantic front and backhaul has been active with TC2 Cont-USAC 37,000mt CPP rising over WS24 in the week to close at WS404.17 (a TCE Round trip rate of $50,006). The TC14 fell by around half the rise to finish at WS263.33 (a minor fall in TCE Earnings to...
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Dry Bulk Market: Positive Signs Are Starting to Emerge

Dry Bulk Market: Positive Signs Are Starting to Emerge
Capesize The Capesize market was in a ‘one step forward, two steps back’ mode this week. The average of the 5 time charter routes eventually settled at $12,598, a decline of $775 week-on-week. Despite tightness in both basins, especially for December cancelling in the...
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