European and West African dirty freight rates remained under heavy pressure Friday,with sources pointing,in particular,to a long list of Suezmaxes that are able to make late-November laycans.The consequent slide in West African rates has been dramatic.Shell were widely reported to have placed the Jag Lalit on subs at just w100 for a West Africa-UKCM voyage,which some owners were hopeful was the market's bottom.But early Friday,two tankers were widely reported on subs at just W92.5 for US Atlantic Coast discharge."West Africa is creating the marketplace pain now," said one owner,adding that the W92.5 "took everyone by surprise."
展开▼
