Tanker Weekly – September 4, 2010

September 4th, 2010 by Belisarius

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

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