Tanker Weekly – 27 March, 2010

March 27th, 2010 by Belisarius

Baltic Dirty Tanker Index fell 2.2% last week while Baltic Clean Tanker Index fell 3.2%. Product rates underperformed crude rates by a wide margin in recent couple months. It was due to collapse of Atlantic product arbitrage and decrease in petrochemical feedstock demand (unfavorable margins). Both possible indication of a weaker demand.

Chart 1. Baltic Tanker Indexes Relative Performance

Source: Bloomberg

Chart 2. Baltic Tanker Indexes

Source: Bloomberg

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