DPP Fixtures

MARKET DIRECTION……..: “TESTY” RATE ESTIMATES ————– 150 CBS/USG…..W67.5    – FLAT       TCE:$25600 130 CBS/SPORE…LS$2.95M – FLAT       TCE:$24000 130 WAF/USG…..W80      – FIRMING    TCE:$19400 130 WAF/UKC-MED.w85      – FIRMING    TCE:$17800 135 NSEA/TA…..W62.5    – steady     TCE:$17100 135 S.KERIR/MED.w80      – FIRMING    TCE:$17800 140 BLKSEA/UKCM.W85      – FIRMING    TCE:$17000 130 MED/TA……W62.5    – POISED     TCE:$15900 …

MARKET DIRECTION UKC…..: OVERLOADED MARKET DIRECTION MED…..: STEADY/SLOW MARKET DIRECTION AMERICAS: SLOWING RATE ESTIMATES ————– 70  CBS/USG……: WS112.5     ACTIVE-WEAKENING? 80  CROSS MED….: WS107.5     POISED-ISH 80  BKSEA/MED….: WS105       POISED-ISH 80  NSEA/UKC…..: WS107.5     STEADY 100 PRIMORSK/UKC.: WS92.5      FRAIL DEMURRAGE.(US)…: $21,500.00 PD+/- DEMURRAGE.(UKC/M): $23,000.00/24,000.00 PD+/- USG LIGHTERING…: $22,750.00 PD+/- MIN 3DAYS/ONE LIGHTERING – ??? ************…

MARKET DIRECTION……..: POISED MARKET REPORT………..: IT SEEMS LIKE ONE OF THOSE DAYS IN 2015-16 WHERE VLCC’S COULD GET OVER 6 MILLION USG/CBS-SPORE.  THE SAME MARKET CONDITIONS THAT ENABLED OWNERS TO ACHIEVE THOSE RATES ARE BACK IN FORCE TODAY.  THE PROBLEM IS, WHY IS THIS HAPPENING?  OPEC CUTTING PRODUCTION, PRICE OF CRUDE DROPPING BECAUSE THERE IS TOO…