Wet Bulk Update

Wet Bulk:

We hear from our friends at Clarkson’s the VLCC fixture activity is slow and rates are sliding accordingly on the AG>East routes to WS 34 (~$13,700 per day). On a brighter note, the Suezmax routes are climbing on average to around $30,000. To provide a bit of contrast, last year at this time VLCC rates were $72,300 and Suezmax rates averaging just over $56,000.

The MR’s running US Gulf > Europe saw rates jump over 16% today.

LNG 160 & 140 remain unchanged.