Tanker Weekly – May 16, 2010

Baltic Dirty Tanker Index rose 10.3%; Baltic Clean Tanker Index rose 1.1%.

International Energy Agency (IEA) reduced demand figures (especially on the call for OPEC crude and estimates of increased OECD stocks day cover) did not lower the rates, just contrary. Strong dirty and soft clean rates could again be a sign of weak demand and strong supply for crude oil and derivatives.

Chart 1. Baltic Tanker Indexes Relative Performance

Source: Bloomberg

Chart 2. Baltic Tanker Indexes

Source: Bloomberg

,

This entry was posted on Sunday, May 16th, 2010 at 12:28 pm and is filed under Commodities, Tanker Weekly. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.

 

Get Adobe Flash player