Tanker Weekly – May 31, 2010

May 31st, 2010 by Belisarius

Baltic Dirty Tanker Index fell 13.6%; Baltic Clean Tanker Index fell 4.5%.

With trans-Atlantic product arbitrage being dead and world commodity markets rocking, the only possible route for the over-supplied market is down.

Chart 1. Baltic Tanker Indexes Relative Performance

Source: Bloomberg

Chart 2. Baltic Tanker Indexes

Source: Bloomberg

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