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

Source: Bloomberg

Chart 2. Baltic Tanker Indexes

Source: Bloomberg


This entry was posted on Saturday, September 4th, 2010 at 8:59 am and is filed under Commodities, Tanker Weekly. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.


Get Adobe Flash player