Week 2 2016 - lorstem.com

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1 Prepare and prevent, Don t repair and repent! HIGHLIGHTS VLGC: Baltic Index re-bounding Ammonia: Prices un-der pressure Handy: Rates remain firm, although more ships are becoming open Coaster: Tight in NW Europe, less activity in the Mediterranean It has been another active week in the VLGC segment with fixtures concluded both East and West of the Suez. The Baltic VLGC Index strengthened throughout the week adding US$ compared to last Friday. Charterers are starting to shift focus towards February and the first half of the month is looking relatively tight. The question is however obviously the amount of relets we will see in the market , which could quickly halt the climbing rates. In the Indian market IOC fixed two spot vessels for end January dates while HPCL have one requirement uncovered, which looks like it has been withdrawn. West of the Suez rates have eased for voyages out of the US Gulf and fixtures have been concluded at a discount to the Baltic.

Freight Markets & Ship Values throughout the year and a num-Freight rates started the year on a downwards trend, which is usual for the season. However, a recovery was evident already by late January, earlier than depict-ed in past seasonal patterns. The ... higher than expected LPG exports -

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