Tanker Weekly – August 30, 2010

August 30th, 2010 by Belisarius

Baltic Dirty Tanker Index fell 5.5%; Baltic Clean Tanker Index fell 0.4%.

Supply is overwhelming demand, rates are approximately at ship operating costs, I don’t think further comment is needed.

Chart 1. Baltic Tanker Indexes Relative Performance

Source: Bloomberg

Chart 2. Baltic Tanker Indexes

Source: Bloomberg

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