Technical Suezmax rate indications 7 Jan 2009

at 09:00 GMT for 14 individual Suezmax tanker routes

Load areaDischarge area Latest available rateAverage rate Low rateHigh rate Rate volatility Trend
Africa
West AfricaCanada ws 140 ws 140 ws 140 ws 140 steady
Mediterranean ws 150 ws 144 ws 138 ws 150 9% firm
Portugal ws 140 ws 140 ws 140 ws 140 steady
South Africa ws 158 ws 158 ws 158 ws 158 firm
Spain ws 148 ws 146 ws 145 ws 148 2% firm
U.S. Gulf ws 138 ws 133 ws 120 ws 145 19% firm
UK & Continent ws 150 ws 144 ws 138 ws 150 9% firm
Americas
CaribbeanU.S. Gulf ws 152 ws 151 ws 150 ws 152 2% firm
South America E C U.S. Gulf ws 142 ws 142 ws 142 ws 142 soft
Europe
BalticSingapore $4500000 $4425000 $4350000 $4500000 3% firm
Middle East/ Black Sea/Med
Black SeaMediterranean ws 160 ws 152 ws 148 ws 160 8% firm
UK & Continent ws 150 ws 150 ws 150 ws 150 steady
Mediterranean Portugal ws 158 ws 158 ws 158 ws 158 firm
North Africa U.S. Gulf ws 135 ws 135 ws 135 ws 135 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.