--- title: Mediterranean Weekly Report description: US Gulf to Mediterranean chemical tanker rates firmed this week as a wave of new cargo inquiry outpaced the limited supply of open ships. image: https://www.spimarine.com/hubfs/gettyimages-92055659.jpg --- [![SPI Marine — Specialty Cargo Shipping Broker](https://www.spimarine.com/hubfs/SPI%20Marine%20Logo%202026.svg)](https://www.spimarine.com) - [Home](https://www.spimarine.com) - [The Current](https://www.spimarine.com/the-current) - [Trade Lane Reports](https://www.spimarine.com/the-current/tag/tradelane-report) - Ex: USG - [Transatlantic](https://www.spimarine.com/the-current/transatlantic-weekly-tradelane-report) - [Far East](https://www.spimarine.com/the-current/far-east-weekly-tradelane-report) - [Mediterranean](https://www.spimarine.com/the-current/mediterranean-weekly-report) - [West Coast India](https://www.spimarine.com/the-current/west-coast-india-weekly-tradelane-report) - [South America](https://www.spimarine.com/the-current/south-american-weekly-tradelane-report) - [Iran Watch](https://www.spimarine.com/the-current/iran-watch) - [About Us](https://www.spimarine.com/about-us) - [Services & Expertise](https://www.spimarine.com/services-and-expertise) - [ISO Tank Services](https://www.spimarine.com/iso-tank-container-brokerage) - [Partner With Us](https://www.spimarine.com/partner-with-us) - [Our Story](https://www.spimarine.com/about-us/our-story) - [Locations](https://www.spimarine.com/locations) - [Houston, TX](https://www.spimarine.com/offices/houston) - [Newark, United Kingdom](https://www.spimarine.com/newark) - [Norwalk, CT](https://www.spimarine.com/offices/norwalk) - [Rotterdam, The Netherlands](https://www.spimarine.com/offices/rotterdam) - [Seoul, South Korea](https://www.spimarine.com/offices/seoul) - [Shanghai, China](https://www.spimarine.com/offices/shanghai) - [Singapore](https://www.spimarine.com/offices/singapore) - [Sohar, Oman](https://www.spimarine.com/offices/sohar) - [Contact Us](https://www.spimarine.com/contact-us) # Mediterranean Weekly Report [Tradelane Report](https://www.spimarine.com/the-current/tag/tradelane-report) [MED](https://www.spimarine.com/the-current/tag/med) Nov 6, 2026 6 min read [Share on LinkedIn](https://www.linkedin.com/sharing/share-offsite/?url=https://www.spimarine.com/the-current/mediterranean-weekly-report) Mediterranean Weekly Report 1:25 --- **Table of Contents** [Weekly Summary](https://www.spimarine.com/the-current/mediterranean-weekly-report#summary) [Freight Trends](https://www.spimarine.com/the-current/mediterranean-weekly-report#freight-trends) [Notable Fixtures & Market Quotes](https://www.spimarine.com/the-current/mediterranean-weekly-report#market-info) SPI Marine - Mediterranean Weekly Report ## Weekly Summary USG — MED Week 45  |  Nov 2 – Nov 6, 2026 Market Direction Firming WMED 10K: $123/mt Rates firm across both Mediterranean rate groups. Rates rose in both groups, with WMED 10K in the low 120s and EMED 10K in the low 130s. Cargo quotes for late November into December now outweigh available tonnage. Key Driver Demand Cargo Quote Influx Cargo quote influx outpaces available US Gulf tonnage. A wave of new cargo quotes has entered the trade for second half November into December dates. Fully open tonnage in the US Gulf is limited, so cargoes in the market currently outweigh available ships. Market Positioning Tight Positioning Open Tonnage Limited Fully open US Gulf tonnage remains limited against cargo. WMED 5K sits in the low 140s and EMED 5K in the low 150s, with part cargo space trading at a premium. Outsiders reportedly going on berth with large MEG stems could alter the tonnage picture into December. Trade Lane US Gulf Coast → Mediterranean The **USG-Med corridor** is one of the most consistently active specialty cargo routes connecting US Gulf export terminals with receivers across Spain and Turkey. Barcelona anchors the western Mediterranean as a primary discharge hub, while Gebze serves demand from Turkey's industrial base along the Sea of Marmara. The lane moves chemicals, aromatics, base oils, and clean petroleum products on MR and Handysize tonnage, with voyage durations of approximately 15 to 20 days on a direct transatlantic crossing. Unlike Panama or Suez-dependent lanes, USG-Med carries no canal transit exposure, making freight economics on this corridor more directly tied to Atlantic basin tonnage supply and European and Turkish inland demand cycles than to canal congestion or slot pricing.  Benchmarks MR / Handysize Worldscale Barcelona Gebze The US Gulf to Mediterranean trade continues to firm, with an influx of cargo quotes entering the market for second half November into December dates. At the moment the cargoes in the market outweigh the available tonnage this direction. Outsiders are reportedly going on berth with large stems of MEG. Likely there will be a further upward pressure on rates this direction with the limited amount of fully open tonnage in the USG. Part cargo space continues to trade at a premium and will likely do so through the balance of the year. SPI Marine - Mediterranean Weekly Report ## Freight Trends #### I Eastern Mediterranean #### I Western Mediterranean SPI Marine - Mediterranean Weekly Report ## Notable Fixtures & Market Quotes #### Disclaimer *This information is provided in good faith on an as-is basis without guarantee, representation, or warranty. Freight market commentary, trade lane analysis, and related content are indicative and for general guidance only. This content does not constitute investment, legal, chartering, or financial advice and should not be relied upon as the basis for any commercial decision. Use of this information is at your own risk. To the fullest extent permitted by law, SPI Marine and its affiliates accept no liability for reliance placed on this content. This content is protected by copyright in favor of SPI Marine Group and its affiliates. Unauthorized reproduction, redistribution, or republication is prohibited. Full terms governing use of this website are available in our [Terms and Conditions](https://www.spimarine.com/terms-and-conditions).* [Tradelane Report](https://www.spimarine.com/the-current/tag/tradelane-report) [MED](https://www.spimarine.com/the-current/tag/med) ### Latest from The Current Tradelane Report ### [West Coast India Weekly Tradelane Report](https://www.spimarine.com/the-current/west-coast-india-weekly-tradelane-report) US Gulf to West Coast India chemical tanker rates firmed this week as tight contract tonnage and rising clean product rates lifted every size band. [Read More.](https://www.spimarine.com/the-current/west-coast-india-weekly-tradelane-report) Nov 6, 2026 Tradelane Report ### [Transatlantic Weekly Tradelane Report](https://www.spimarine.com/the-current/transatlantic-weekly-tradelane-report) US Gulf to Northwest Europe chemical tanker rates firmed this week as tight vessel availability and swing tonnage drawn elsewhere kept space limited. [Read More.](https://www.spimarine.com/the-current/transatlantic-weekly-tradelane-report) Nov 6, 2026 Tradelane Report ### [Far East Weekly Tradelane Report](https://www.spimarine.com/the-current/far-east-weekly-tradelane-report) US Gulf to Far East chemical tanker freight rates firmed sharply this week as methanol demand and fresh chemical inquiry tightened space. [Read More.](https://www.spimarine.com/the-current/far-east-weekly-tradelane-report) Nov 6, 2026 ## ![SPI Marine logo for The Current blog](https://www.spimarine.com/hs-fs/hubfs/spi-the-current-logo-alt.png?width=348&height=110&name=spi-the-current-logo-alt.png) Tradelane rates, fixture activity, and commodity intelligence from the SPI Marine team — delivered directly to your inbox. Trusted by logistics and procurement professionals across the global specialty cargo sector.  Stay Ahead of the Market *We respect your privacy. 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