Tanker Weekly – January 16, 2011
Baltic Dirty Tanker Index fell 7.3%; Baltic Clean Tanker Index rose 2.4%.
Markets well supplied with ships available, clean rates probably rose on clean products being shipped to tight West European markets.
Archive for the ‘Tanker Weekly’ Category
Tanker Weekly – January 9, 2011
Baltic Dirty Tanker Index fell 25.3% in last two weeks; Baltic Clean Tanker Index fell 18.4% in the same period.
To repeat: Large oversupply of ships in the Gulf. Somewhat strange that cost of shipping fell so much during crude oil price rally.
Tanker Weekly – December 27, 2010
Baltic Dirty Tanker Index fell 0.5%; Baltic Clean Tanker Index fell 3.3%.
Cargoes for first half of January well covered; Markets activity weak because of holidays.
Tanker Weekly – December 19, 2010
Baltic Dirty Tanker Index rose 2.4%; Baltic Clean Tanker Index fell 2.7%.
Seasonal effects (cold weather in northern hemisphere; possibility of ice forming in the Baltic Sea) in addition to bullishness in the oil markets are keeping rates at decent levels.
Tanker Weekly – December 13, 2010
Baltic Dirty Tanker Index rose 6.7%; Baltic Clean Tanker Index rose 1.4%.
Oil price action and sentiment spilling over to tanker market. No change in supply/demand fundamentals; abundance of available ships.
Tanker Weekly – December 4, 2010
Baltic Dirty Tanker Index rose 14.2%; Baltic Clean Tanker Index rose 8.9%.
I would speculate that China resumed its imports pace and propped rates.
Tanker Weekly – November 27, 2010
Baltic Dirty Tanker Index fell 4.8%; Baltic Clean Tanker Index rose 4.0%.
Back to normal: supply of ships outweighing demand.
Tanker Weekly – November 20, 2010
Baltic Dirty Tanker Index rose 9.8%; Baltic Clean Tanker Index rose 13.6%.
Rates rose on falling crude oil stocks and distillate demand from China…
Tanker Weekly – November 15, 2010
Baltic Dirty Tanker Index rose 3.5%; Baltic Clean Tanker Index rose 3.2%.
Despite popular belief that China is driving crude oil demand the data for October shows that China imported just 16.4 million tons of crude oil. This is the lowest level since April 2009 and it is 30% bellow September imports. In the U.S., despite the recent draw stockpiles are still high and the demand probably will not change much…
Tanker Weekly – October 31, 2010
(For The Week Ending October 29, 2010) Baltic Dirty Tanker Index rose 3.3%; Baltic Clean Tanker Index fell 1.7%. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Tanker Weekly – October 25, 2010
(For The Week Ending October 22, 2010) Baltic Dirty Tanker Index rose 1.0%; Baltic Clean Tanker Index rose 2.9%. I can repeat last week’s comment: “Even though the strike in France keeps vessels employed (at anchor) – the market is still oversupplied. Rates are bellow operating costs.” Bloomberg story: Supertankers Face Two-Year Losing Streak as […]
Tanker Weekly – October 17, 2010
(For The Week Ending October 15, 2010) Baltic Dirty Tanker Index fell 4.0%; Baltic Clean Tanker Index was unchanged. Even though the strike in France keeps vessels employed (at anchor) – the market is still oversupplied. Rates are bellow operating costs. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Tanker Weekly – October 9, 2010
(For The Week Ending October 8, 2010) Baltic Dirty Tanker Index rose 10.7%; Baltic Clean Tanker Index fell 0.3%. Probably a short term mismatch (strike in France) in supply and demand pushed dirty rates up. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Tanker Weekly – October 2, 2010
Baltic Dirty Tanker Index fell 0.4%; Baltic Clean Tanker Index fell 4.6%. Supply still overweighting demand. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Tanker Weekly – September 27, 2010
Baltic Dirty Tanker Index rose 1.0%; Baltic Clean Tanker Index fell 2.2%. Dead in the water. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes