Technical Aframax rate indications 7 Jan 2009

at 10:55 GMT for 23 individual Aframax tanker routes

Load areaDischarge areaLatest available rateAverage rateLow rateHigh rateRate volatilityTrend
Americas
CaribbeanU.S. Atlantic Coast ws 265 ws 265ws 265ws 265 steady
U.S. Gulf ws 325 ws 289ws 255ws 32524%firm
Asia
IndonesiaPacific Islands ws 170 ws 170ws 170ws 170 steady
SingaporeChina/Taiwan n/a ws 170ws 170ws 170firm
China/Taiwan $650000 $650000$650000$650000 steady
Pacific Islands ws 165 ws 165ws 165ws 165 steady
South East AsiaChina/Taiwan ws 160 ws 160ws 160ws 160 steady
Indonesia $650000 $650000$650000$650000 steady
Japan ws 170 ws 170ws 170ws 170 steady
Singapore $520000 $520000$520000$520000 steady
Europe
North SeaUK & Continent ws 160 ws 160ws 160ws 160 steady
UK & ContinentUK & Continent ws 168 ws 168ws 168ws 168firm
Middle East/ Black Sea/Med
Black SeaMediterranean ws 260 ws 255ws 250ws 2604%firm
Russia Far East $4000000 $4000000$4000000$4000000 steady
Singapore $3200000 $3200000$3200000$3200000 steady
MediterraneanMediterranean ws 230 ws 230ws 230ws 230 steady
Singapore $280000 $280000$280000$280000 steady
Middle East GulfAustralia ws 152 ws 152ws 152ws 152soft
Russia Far East ws 158 ws 158ws 158ws 158 steady
North AfricaEuropean Med ws 250 ws 250ws 250ws 250 steady
Mediterranean ws 195 ws 233ws 195ws 27534%soft
North Africa $600000 $600000$600000$600000 steady
Spain ws 225 ws 225ws 225ws 225 steady


Please note:

The technical rate indications are based on tanker fixtures in a two-week time period leading up to the date of latest available rate information, this date being within the last 30 days. Latest available rate is the most recent rate information available for this tanker type and route. Rate volatility is derived from the period's rate spread over the arithmetic mean of the rate.