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Rates softened for VLCCs, while off-market fixing provided owners with an advantage. In the Atlantic, Suezmax rates fell due to a lack of enquiry, leading to an imbalance between tonnage lists and cargo volumes. However, in the Mediterranean, owners capitalized on early Aframax opportunities to minimize wait times. As Aframax rates ease, there is a possibility of Suezmax rates in the Mediterranean following suit. Meanwhile, on the UK-continent, Aframax rates dropped, prompting some vessels to ballast away from the region. Despite limited enquiry, Mediterranean Suezmax-rates remained stable thanks to a balanced tonnage list.
Aframax ECO, 12 months TC
Aframax, Average spot
Suezmax ECO, 12 months TC
Suezmax, Average spot
Source: Clarksons Research
Another challenging week in the bulk sector with average rates falling 15% to USD 9.100 per day, the lowest rates since mid february. Capesize fell 31% to USD 9.400 per day, and owners heading for Brazil loading are holding back waiting for better rates. On the panamax side, rates softened in both basins and tonnage lists got even longer. Transpacific routes fell 5% to USD 8.000 per day. The handy sentiment had a slow week in the USG with a lack of demand dragging on rates. We need to see lots of fresh cargoes to stabilise the market.
Capesize, 12 måneders TC
Kamsarmax, 12 måneders TC
Source: Clarksons Research
Another steady week within the segment, with few updates week-to-week. There are now a total of 149 PCTC ships on order, at various shipyards. Chinese shipyards account for the lion’s share in the construction of this type of tonnage with 127 ships (85%). Japanese yards with a total of 18 ships (12%), and the South Korean yard Hyundai Samho Heavy Industries Co. with only 4 ships (3%). The capacity of the ships also varies, where the ships on order can take anything from 3000 – 9300 CEU (Car Equivalent Units). The main share of the tonnage is ordered with a capacity of 6,500 CEU+.
5000 CEU – 12 måneders TC
6500 CEU – 12 måneders TC
Source: Clarksons Research
| Type | Ton | Week 10 | Week 9 | + /- |
|---|---|---|---|---|
| VLCC | 300t. | $ 43750 | $ 43750 | 0 % |
| Suemax | 180t. | $ 45500 | $ 45500 | 0 % |
| Aframax | 120t. | $ 49750 | $ 46250 | 8 % |
| MR | 80t. | $ 29250 | $ 29250 | 0 % |
| Type | Resalg | 5 år | 10 år | |
|---|---|---|---|---|
| VLCC | 125 | 100 | 76 | 60 |
| Suemax | 87 | 72 | 57 | 33 |
| Aframax | 78.50 | 63.50 | 52 | 38.50 |
| MR | 50 | 42 | 34 | 24 |
| Type | Ton | Week 10 | Week 9 | + /- |
|---|---|---|---|---|
| Capesize | 180t. | $ 15250 | $ 15750 | -2 % |
| Panamax | 76t. | $ 12060 | $ 12050 | -0 % |
| Supramax | 58t. | $ 12250 | $ 12900 | -2 % |
| Handysize | 30t. | $ 11250 | $ 12750 | -2 % |
| Type | Resalg | 5 år | 10 år | |
|---|---|---|---|---|
| Capesize | 64 | 52 | 32 | 20 |
| Panamax | 39 | 33 | 24 | 16 |
| Supramax | 37.5 | 31 | 20.5 | 15 |
| Handysize | 31.5 | 26 | 18.50 | 12 |
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