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Product seesaw puts East before West.
(From Lloyds List)
Byline: Rajesh Joshi in New York
Tankers
UP IN the east, down in the west, and, for good measure, steady in the middle. That was the product story last week.
The Singapore to Japan 30,000 tonne sector revived. Tonnage availability is becoming tight, according to brokers. Rates firmed from W250 at the start of the week to W275 by mid-week.
Reported fixtures during the period included a W260 Sietco contract on the 1992-built, 47,081 dwt Relentless .
Long-range markets from the Arabian Gulf to Japan remained steady. Rates for 55,000 tonnes and 75,000 tonnes were pegged at W225 and W185 respectively. However, 30,000 tonne rates firmed from W310 to W335, ...
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