Nordic American Tankers Ltd (NAT)

[Eurotradr]

Clarkson's Report:
https://www.nat.bm/wp-content/uploads/2021/02/Weekly-freight-rates-210205.pdf

https://fearnpulse.com/
Suezmax

An armada of Eastern ballasters appears to have sealed the fate of West Africa and the MEG, at least as far as the third decade of February is concerned . The obvious effect is that TD20 will trade down to the low W50's whilst a Wafr/East run will be lucky to hold onto high W50's/low W60's tops. However, it's not all doom and gloom as was highlighted in the Caribs last night. The prompt nature of the USG and Caribbean market has afforded it some insulation from the marauding ballasters. An East Coast Mexico/TA run was booked at 145kt x W50, which highlights that pockets of opportunity do remain, however bleak the macro picture looks. MEG/EAST will correct down to low/mid W50's on modern and TD23 will follow this trend finding a home at low/mid teens
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https://www.hellenicshippingnews.com/weekly-tanker-time-charter-estimates-february-03-2021/

Weekly Tanker Time Charter Estimates, February 03 2021

in Report / Analysis,Weekly Tanker Time Charter Estimates 03/02/2021

On the crude side, the period market has picked up this week with some short-term fixtures reported but rate levels remain low. The average for a VLCC for one-year remains at $27,500/pdpr.

The clean market has been quiet with little enquiry in the LR2 and LR1 sectors. The MRs have experienced some activity in the west, rates for one year hover around $12,250/pdpr.

Oil prices moved up to the highest levels in a year earlier this week based on improving sentiment and market fundamentals.