Clean Is Good Handymax Activity Picks Up As Do Rates

Long-haul trans-Atlantic clean tanker rates are moving up faster than short- haul rates from the Caribbean to the US Gulf. The cause of this is a combination of rising U.S. import and falling clean products production in Venezuela. Moving more product from a source further away does wonders to rates. The following chart shows weekly assessed rates for two popular clean routes – UKC to US – and Caribbean to US. But these are weekly assessments, in terms of individual fixtures, some have been as high as WS 340 on the UKC to US trade. Download here
Visit Us On TwitterVisit Us On Linkedin