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Aframaxes lose heat in Mediterranean.
(From Lloyds List)
Byline: Nigel Lowry
Tankers
RECENT days have seen a general easing of the market for aframax tankers in the Atlantic basin, nowhere more so than in the Mediterranean where, brokers estimate, rates have dropped about W100 or more in the last week.
'Few charterers have been coming up with new stems, waiting patiently for further drops so they can minimise their losses from paying big bucks to owners all year,' says Vikki Koumis a regular Greek broking source for this column who has been more immersed than ever in the aframax spot market as a result of joining Polembros Shipping a few days ago.
She denies that she is the source of the relative collapse in rates.
'The delays in the Turkish Straits haven't really helped but the premium for the Black Sea liftings is still there, especially with Novo closed and southbound delays now minimised.
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