Archive for category Tanker Weekly
Tanker Weekly – July 24, 2010
Posted by Belisarius in Commodities, Tanker Weekly on July 24, 2010
Baltic Dirty Tanker Index rose 3.5%; Baltic Clean Tanker Index rose 0.6%.
Again, soft markets, supply eased a little bit, but still high.
Chart 1. Baltic Tanker Indexes Relative Performance
Source: Bloomberg
Chart 2. Baltic Tanker Indexes
Source: Bloomberg
Tanker Weekly – July 17, 2010
Posted by Belisarius in Commodities, Tanker Weekly on July 17, 2010
Baltic Dirty Tanker Index rose 4.5%; Baltic Clean Tanker Index rose 3.0%.
Demand supply balance improved a bit (the number of available vessels fell), but nothing major here.
Chart 1. Baltic Tanker Indexes Relative Performance
Source: Bloomberg
Chart 2. Baltic Tanker Indexes
Source: Bloomberg
Tanker Weekly – July 11, 2010
Posted by Belisarius in Commodities, Tanker Weekly on July 11, 2010
Baltic Dirty Tanker Index fell 4.2%; Baltic Clean Tanker Index rose 0.5%.
In short, the supply of vessels overwhelms cargoes needed to be transported for at least following month.
Chart 1. Baltic Tanker Indexes Relative Performance
Source: Bloomberg
Chart 2. Baltic Tanker Indexes
Source: Bloomberg
Tanker Weekly – July 4, 2010
Posted by Belisarius in Commodities, Tanker Weekly on July 4, 2010
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
Tanker Weekly – June 26, 2010
Posted by Belisarius in Tanker Weekly on June 26, 2010
Baltic Dirty Tanker Index fell 0.9%; Baltic Clean Tanker Index rose 9.3%.
June cargoes are well covered with available vessels, it is hard to expect any meaningful rebound since supply of available vessels is abundant.
Chart 1. Baltic Tanker Indexes Relative Performance
Source: Bloomberg
Chart 2. Baltic Tanker Indexes
Source: Bloomberg
Tanker Weekly – June 21, 2010
Posted by Belisarius in Tanker Weekly on June 21, 2010
Baltic Dirty Tanker Index rose 1.4%; Baltic Clean Tanker Index rose 5.9%.
Steady supply of vessel keeps rates low, and the market action is slow.
Chart 1. Baltic Tanker Indexes Relative Performance
Source: Bloomberg
Chart 2. Baltic Tanker Indexes
Source: Bloomberg
Tanker Weekly – June 14, 2010
Posted by Belisarius in Commodities, Tanker Weekly on June 14, 2010
Baltic Dirty Tanker Index rose 1.0%; Baltic Clean Tanker Index rose 1.6%.
U.S. gulf / Europe arbitrage showing some signs of life; but overall the demand for wet transport is weak.
Chart 1. Baltic Tanker Indexes Relative Performance
Source: Bloomberg
Chart 2. Baltic Tanker Indexes
Source: Bloomberg
Tanker Weekly – June 06, 2010
Posted by Belisarius in Tanker Weekly on June 6, 2010
Baltic Dirty Tanker Index fell 6.1%; Baltic Clean Tanker Index fell 6.3%.
A reflection of the things happening in the capital markets…
Chart 1. Baltic Tanker Indexes Relative Performance
Source: Bloomberg
Chart 2. Baltic Tanker Indexes
Source: Bloomberg
Tanker Weekly – May 31, 2010
Posted by Belisarius in Commodities, Tanker Weekly on May 31, 2010
Baltic Dirty Tanker Index fell 13.6%; Baltic Clean Tanker Index fell 4.5%.
With trans-Atlantic product arbitrage being dead and world commodity markets rocking, the only possible route for the over-supplied market is down.
Chart 1. Baltic Tanker Indexes Relative Performance
Source: Bloomberg
Chart 2. Baltic Tanker Indexes
Source: Bloomberg
Tanker Weekly – May 23, 2010
Posted by Belisarius in Commodities, Tanker Weekly on May 23, 2010
Baltic Dirty Tanker Index rose 1.8%; Baltic Clean Tanker Index fell 2.7%.
Chart 1. Baltic Tanker Indexes Relative Performance
Source: Bloomberg
Chart 2. Baltic Tanker Indexes
Source: Bloomberg