Tanker Weekly – August 22, 2010

August 22nd, 2010 by Belisarius

Baltic Dirty Tanker Index fell 6.6%; Baltic Clean Tanker Index fell 2.8%. We have crude oil production returning to pre-crisis levels (2 million barrels per day shy), but the rates are really pathetic. They have built too many ships, same will happen with dry bulk.

Chart 1. Baltic Tanker Indexes Relative Performance

Source: Bloomberg

Chart 2. Baltic Tanker Indexes

Source: Bloomberg

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