October 11th, 20160VLCC spot rates are currently at the highest levels seen since mid-June and today continued their upward trend. Rates are growing more strongly going west from the Middle East Gulf (MEG) then east to Asia, according to Baltic Exchange data. The biggest increase in rates was seen today on the Baltic's MEG to US Gulf (TD1) benchmark....
October 11th, 20160Three anchor handling supply (AHTS) vessels have won spot employment from ConocoPhillips UK in repositioning a platform owned by Transocean, according to reports from broker Westshore. The platform, , recently won a contract with the oil major for plugging and abandonment (P&A) of offshore oil wells in British waters of the North...
September 26th, 20160The spot market for anchor handling tug supply (AHTS) vessels today saw a flurry of activity for mobilising drilling platforms, according to data from broker Westshore. BP Exploration UK has fixed four super-large AHTS vessels on 14-day contracts to help reposition the Deepsea Aberdeen drilling platform. Havila Shipping's Havila...
September 23rd, 20160Oil majors BP, Royal Dutch Shell and OMV Group have awarded new three-year contracts of affreightment (CoA) for shuttle tankers owned by Teekay Offshore Partners (TOP). The financial terms of the deal were not disclosed. The tankers will carry oil produced from the new Glen Lyon floating production, storage and offloading (FPSO) unit,...
September 22nd, 20160Oldendorff has booked a capesize owned by Greece's Phoenix Energy Navigation on a 12-month period charter while spot rates continue to rise, according to Baltic Exchange data. The deal is the seventh new capesize fixture to be reported since September began. was reportedly booked at a rate of $9,250 daily, delivering in China in...
September 20th, 20160China Merchants Energy Shipping has reportedly fixed one of its capesize bulk carriers on a five- to eight-month timecharter while rates in the spot market continue to tick upwards. was reported fixed to Pacbulk at a rate of $10,000 daily, according to Baltic Exchange data. The cape was delivered to the charterer on Monday at...
September 19th, 20160Angelicoussis-led Anangel Maritime has fixed one of its capesize bulk carriers on a four- to eight-month timecharter while rates in the spot market spiral upwards, according to Baltic Exchange data. was fixed to Jiangsu Steamship on Friday at a rate of $10,500 daily. The cape will deliver to the charterer promptly in Shanghai,...
September 13th, 20160Livanos-led Ceres Shipping has fixed one of its capesize bulk carriers on a five- to eight-month timecharter, according to Baltic Exchange data. Phaethon booked (182,443 dwt, built 2015) on Friday at a rate of $10,500 daily. The cape was delivered to the charterer in Yantai, China on Saturday. Meanwhile in the spot market, the...
September 12th, 20160Korea Line Corp has fixed Star Bulk's capesize (177,932 dwt, built 2007) on a 10- to 12-month period charter, according to Baltic Exchange data. The daily rate was fixed at $8,500 daily, delivering before Tuesday in Bayuquan, China. The rate is a slight reduction on the last reported one-year timecharter, which was fixed at $9,000...
September 9th, 20160Rates for clean product tankers have been trending downwards since for some weeks, but today MR tanker spot rates fell almost $1,000 today compared to Thursday's level, according to Baltic Exchange assessments. The Continent to US Atlantic Coast route (TC2_37) for 37,000-dwt MR tankers was today assessed at a timecharter equivalent...
