TThe tanker market rose during February, Opec said in its latest monthly report. Dirty spot delivery rates show profits on almost all routes monitored in February. The VLCC level in particular rises as a round of new sanctions to produce an alternative supply. VLCC Spot Freight Rates on the Middle East to East route jumped 7%, while the tariffs on the African-to-West-East-East route rose 5%, BU.
Some benefits are filtered to the Suezmax market, with spot transport rates on the African-to-USGC western route which shows an increase of 20%, BU. In the Aframax market, cross-MED spot transport tariffs rose 9%, Mom, supported by tightening the supply of ships that were not approved in the middle of the pick-up in requests. In the clean tanker market, the spots for spots are slightly stable in February, although ending the month widely higher, BU. Clean the tanker tanker, the level of transport of the Earth of Suez, rose an average of 2%, while in the west
The Suez rate increased 12% amid the availability of limited vessels in the region.
Dirty tanker transportation rates
Very Large Raw Operator (VLCC)
Profits are seen on all routes monitored in February because the VLCC rates continue to rise from the low level seen at the end of last year. The advantage of coming when fresh sanctions in January increase long distance travel from alternative supplies. On average, the VLCC spot goods rate rose 4%, ma’am. Spot yoy rates, VLCC averaged down 17%.
On the Middle East to Eastern route, the average WS62 rate in February, represents a 7% increase compared to the previous month, because large Russian class buyers look for alternatives after sanctions expanded on ships carrying Russian crude oil. The rate of 11% is lower, yoy. The flow to the west is less affected, and as a result, the tariff on the Middle East to the west route rose lower 3%, the mother, to the average WS36. Compared to the same month in 2024, the tariff dropped 31%.
Spot goods tariffs on the African-to-western route rose 5%, BU, for the average WS63 in February. The increase was driven by increased activity. Compared to the same month in 2024, the tariff dropped 10%.
Suezmax
Spot transport tariffs for Suezmax ships enjoyed a strong recovery in February, supported by company demand in the Bay and Mediterranean US, where a leap in CPC crude oil exports thinned availability. Spot rates rose 20%, BU, but still 19% lower, yoy.
On the West African to USGC route, the spots for spots in February averaged WS83, representing an increase of 20%, Mom. The 19% spot tariff is lower than the same month in 2024. The tariff on the USGC-to-European route rose 21% to WS76 on average, because the increase in VLCC tariffs provides incentives to switch to the Suezmax ship. Compared to the same month in 2024, the 17% tariff is lower.
Aframax
Aframax Spot Freight Rates posted a simpler profit, up 4%, Mrs., in February. Compared to the same month last year, Aframax spot rates fell 25%. The tariff on the Indonesia-to-East route rose 4%, Mom, became an average WS122 in February. Yoy, the tariff on the route drops 22%.
The tariff for caribbean-to-kuno spots seeing the only loss of mothers on all routes monitored in February, burdened by lower cargo demand. The average rate of WS122, decreased 2%, mother. Compared to the same month last year, the tariff dropped 36%. Conversely, cross-spot transport tariffs rose 9%, mothers, average WS132. The profits are encouraged by the supply of ships that are not approved and the attractive pickups. Yoy, the spot tariff on the route is still down 20%. The tariff on the Med-to-Northwest Europe (NWE) route on average WS127, represents a 7%increase, BU. Compared to the same month in 2024, the tariff dropped 18%.
Clean the Tanker Transportation Rates
The net transportation tariff is a little fluctuating in February, ending the moon widely higher, ma’am. The tariff to the east of Suez rose an average of 2%, due to the limited profits of lower exports. Suez rates to the west rose 12%, amid the availability of limited vessels in the region. Compared to the previous year, the east of the Suez level fell 48%, while in the west the Suez level dropped 30%.
The tariff on the Middle East to East route experienced the only decline in mothers in February, falling 12% to average WS129. Compared to the same month in 2024, the 51% tariff is lower. Conversely, the clean spot delivery rate on the Singapore-to-East route rose 16%, BU. The tariff on the average WS169 route in February, representing a 46% decline compared to the same month in 2024. During the Atlantic Basin, the net tariff on the Nwe-to-Sucec route averaged WS158. This is an increase of 10%, mother, but a decline of 28%, Yoy.
The tariffs around the Mediterranean also increased. On the cross-MED route, spots tariffs rose 13%, mothers, to WS191 on average but 32% lower, yoy. The tariff on the med-tonwe route average WS201, represents an increase of 12%, Mom, but losses 31%, Yoy.
Nikos Roussanoglou, Hellenic Shipping News worldwide
