Freight
VLCCs and Suezmaxes fully fixed from Yanbu to East, including WCI:
- Yanbu could manage up to 3 MBD exports (net market gain: 1–2 MBD)
SPR impact on freight: biggest releases likely in the WEST — DPP forward curve impact
USGC remains the standout CPP load region:
- Steady cargo flow; tonnage supply tightening
- Aus route fixed three times; rates steadily moving higher
- Ballaster counts lower than expected; Sparta FSD sees rates → 433 WS (+30 WS this week)
WCI LR2 ULSD arbs clearly pointing East, diesel arbs to Sing/Africa open (+$11/bbl)
MR ballasters rising sharply:
- USGC: +13% MoM ballaster count
- NWE: +35% MoM
- WCI: +66% MoM
- AG: −37% (vessels leaving the region)
