Tanker Weekly – July 4, 2010

July 4th, 2010 by Belisarius

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

Source: Bloomberg

Chart 2. Baltic Tanker Indexes

Source: Bloomberg

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