This Voyage is Rated TC14

The refined product imbalance between the United States and Europe is a structural blessing for trading companies and ship owners alike. Ship owners can increase the utilization of their assets with very little, if any, repositioning costs by securing cargoes both coming and going. Likewise, trading companies are able to capture arbitrage opportunities on top of existing contract movements. Recently, increased US Gulf exports of clean products have focused the attention on this traditional back-haul trade lane. Charterers have had mismatched hedging instruments for the ex-US Gulf trade lane as paper traded on the opposite trade lane, TC2, has been primary tool utilized. The introduction of the new Baltic Exchange Clean Tanker Index – TC14 – should be seen as a positive development for the market as it will enable participants to more effectively manage freight exposure and could facilitate increased trade. Download here