Скачать или смотреть ⚓️ The tanker market exhibited mixed performance during the previous month

⚓️ The tanker market exhibited mixed performance during the previous month, OPEC said in its latest monthly report for June. Dirty tanker spot freight rates continued to see mixed movements in June. VLCC rates were volatile over the month due to geopolitical developments, although the mid-month spike in rates was matched by a decline near the end of the month, resulting in VLCC rates remaining broadly flat in monthly terms. On the Middle East-to-East route, VLCC spot freight rates were unchanged, m-o-m, but rose 6% on the Middle East-to-West route, recovering from low levels seen in the previous two months. VLCC rates on the West Africa-East route fell 6%, amid lower flows to China.

Suezmax rates declined on average in June, despite geopolitical-driven volatility, as activities remained sluggish. Spot rates on the US Gulf Coast-to-Europe route declined 3%, m-o-m. In contrast, Aframax rates showed slight gains on average in June, supported by improving activities East of Suez at the end of the month. Rates around the Mediterranean were down by about 3%. In the clean tanker market, spot rates were also mixed. East of Suez rates rose 11%, m-o-m, driven by geopolitical concerns mid-month, followed by a pick-up in activities. West of Suez rates declined by 8%, m-o-m, amid softer fundamentals around the Mediterranean.

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