Tanker Weekly – May 16, 2010

May 16th, 2010 by Belisarius

Baltic Dirty Tanker Index rose 10.3%; Baltic Clean Tanker Index rose 1.1%.

International Energy Agency (IEA) reduced demand figures (especially on the call for OPEC crude and estimates of increased OECD stocks day cover) did not lower the rates, just contrary. Strong dirty and soft clean rates could again be a sign of weak demand and strong supply for crude oil and derivatives.

Chart 1. Baltic Tanker Indexes Relative Performance

Source: Bloomberg

Chart 2. Baltic Tanker Indexes

Source: Bloomberg

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