Tanker Weekly – September 20, 2010
Baltic Dirty Tanker Index fell 1.6%; Baltic Clean Tanker Index rose 2.1%. No improvements in supply/demand balance. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Archive for the ‘Tanker Weekly’ Category
Tanker Weekly – September 13, 2010
Baltic Dirty Tanker Index fell 1.6%; Baltic Clean Tanker Index fell 2.7%. Too few cargoes and too many ships. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Tanker Weekly – September 4, 2010
Baltic Dirty Tanker Index fell 3.0%; Baltic Clean Tanker Index fell 2.2%. Supply is overwhelming demand; rates are approximately at ship operating costs; vessel owners are slowing down vessel speed to reduce supply. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Tanker Weekly – August 30, 2010
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 Chart 2. Baltic Tanker Indexes
Tanker Weekly – August 22, 2010
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 Chart 2. Baltic Tanker Indexes
Tanker Weekly – August 15, 2010
Baltic Dirty Tanker Index rose 4.7%; Baltic Clean Tanker Index fell 6.7%. Again clean/dirty rates moving in opposite directions. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Tanker Weekly – August 08, 2010
Baltic Dirty Tanker Index fell 2.1%; Baltic Clean Tanker Index fell 4.5%. Arabian Gulf tonnage supply at 8 year high. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Tanker Weekly – July 31, 2010
Baltic Dirty Tanker Index fell 7.5%; Baltic Clean Tanker Index fell 5.5%. Nothing new here…supply overweighting demand. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Tanker Weekly – July 24, 2010
Baltic Dirty Tanker Index rose 3.5%; Baltic Clean Tanker Index rose 0.6%. Again, soft markets, supply eased a little bit, but still high. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Tanker Weekly – July 17, 2010
Baltic Dirty Tanker Index rose 4.5%; Baltic Clean Tanker Index rose 3.0%. Demand supply balance improved a bit (the number of available vessels fell), but nothing major here. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Tanker Weekly – July 11, 2010
Baltic Dirty Tanker Index fell 4.2%; Baltic Clean Tanker Index rose 0.5%. In short, the supply of vessels overwhelms cargoes needed to be transported for at least following month. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Tanker Weekly – July 4, 2010
Baltic Dirty Tanker Index fell 9.4%; Baltic Clean Tanker Index rose 8.0%. Dirty rates falling on abundant supply (multiple ships competing for a single cargo), clean rates rebounding on increased hauling of petrochemical cargoes. The drop in demand for crude oil is another factor confirming economic slowdown. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Tanker Weekly – June 26, 2010
Baltic Dirty Tanker Index fell 0.9%; Baltic Clean Tanker Index rose 9.3%. June cargoes are well covered with available vessels, it is hard to expect any meaningful rebound since supply of available vessels is abundant. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Tanker Weekly – June 21, 2010
Baltic Dirty Tanker Index rose 1.4%; Baltic Clean Tanker Index rose 5.9%. Steady supply of vessel keeps rates low, and the market action is slow. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Tanker Weekly – June 14, 2010
Baltic Dirty Tanker Index rose 1.0%; Baltic Clean Tanker Index rose 1.6%. U.S. gulf / Europe arbitrage showing some signs of life; but overall the demand for wet transport is weak. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes