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September 01, 2014
Platts Marine
Marine News
Sep 1 2014 06:51:00 EDT

A week which saw a distinct lack of activity for Aframaxes in the Baltic Sea ended with a sharp downturn in Baltic-UK Continent 100,000 mt rates. Rates on the route plunged Worldsca...

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Sep 1 2014 05:13:00 EDT

Daily VLGC freight rates, which have soared to records twice so far this year, are expected to stay strong through 2014 and into next year, but are set to ease by late 2015 due to deliveries of new...

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Aug 29 2014 18:22:00 EDT
Aug 29 2014 13:53:00 EDT
Aug 29 2014 07:07:00 EDT
Aug 28 2014 17:21:00 EDT
Aug 27 2014 17:21:00 EDT
Aug 27 2014 09:32:00 EDT
Aug 27 2014 08:09:00 EDT
Aug 26 2014 14:17:00 EDT
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Markets
Bunker demand on Monday across the Asia Pacific and Middle East ports were a touch better in some ports, while tepid in others. Front-month ICE Brent crude futures rose 20 cents/barrel during the Platts Market On Close assessment hour ended 0930 GMT. In Singapore, demand on the delivered front was slightly mixed, with some sellers seeing a "quiet" market, while others said it was "slightly better than average." On the ex-wharf front, offers for the 380 CST grade were heard around $593.50-600/mt.... Read the full story...
VLCC rates on the East of Suez routes were lower for the sixth successive trading day Monday as excess supply took a toll on the market. "Demand has slowed down and enough ships are available," said a source with a South Korean refiner. The rates are below w40 or around w40, the source said. Among fixtures, the Ruby IV was placed on subjects by Formosa at w39.5 for September 13 loading on the Persian Gulf to Mai Liao route, basis 267,500-mt cargoes, brokers said. This translates into w39 for 279... Read the full story...
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Trends Fujairah 180 CST Fujairah 180 CST

Persian Gulf-Japan VLCC 265kt Persian Gulf-Japan VLCC 265kt

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