Market News
EMF Weekly 40
9 hours ago
Tankers
A slightly quieter week compared to last week in the tank market. The market remains strong, but segments such as VLCC are experiencing less activity in the Middle East. For the smaller and more flexible tankers such as Aframax, a more positive development has been seen in the last week. More activity has also been seen outside Great Britain and the Baltics, due to the minimal supply of ships.
Aframax, 12 months TC
Aframax, Average spot
Tankers
Dry Bulk
Capesize saw a quieter development last week, largely due to lower activity in the Pacific Ocean. Panamax saw increased activity in the Atlantic due to necessary deliveries being prevented by hurricane Ian. As the week drew to a close, these balanced towards more stable levels.
Capesize, 12 months TC
Kamsramax, 12 months TC
Tankers
S&P
Tanker
An aframax tanker “KEROS VOYAGER” (105,585 dwt, built 2008, Hyundai HI (Ulsan)) was sold for around $35m to unspecified buyers in the Middle East.
Dry Bulk
A bulk carrier named “PEDHOULAS TRADER” (82,214 dwt, built 2006, Tsuneishi Zosen) was sold for the price of $16m with delivery in December 2022.
Tankers
Indicative TC (1 year)
| Type | Tons | Week 39 | Week 38 | + /- |
|---|---|---|---|---|
| VLCC | 300t. | $ 45.500 | $ 47.500 | -4 % |
| Suemax | 180t. | $ 38.000 | $ 38.000 | 0 % |
| Aframax | 120t. | $ 36.250 | $ 37.500 | -3 % |
| MR | 80t. | $ 32.500 | $ 32.500 | 0 % |
Indicative Values
| Type | Resale | 5y | 10y | 15y |
|---|---|---|---|---|
| VLCC | 116.00 | 88.00 | 65.00 | 51.00 |
| Suemax | 82.00 | 62.00 | 45.00 | 28.00 |
| Aframax | 72.00 | 57.00 | 42.00 | 20.50 |
| MR | 56.50 | 44.00 | 30.00 | 17.00 |
Dry Bulk
Indicative TC (1 year)
| Type | Tons | Week 39 | Week 38 | + /- |
|---|---|---|---|---|
| Capesize | 180t. | $ 15.250 | $ 17.500 | -13 % |
| Panamax | 76t. | $ 14.950 | $ 15.250 | -2 % |
| Supramax | 55t. | $ 14.750 | $ 14.750 | 0 % |
| Handysize | 30t. | $ 15.500 | $ 15.500 | 0 % |
Indicative Values
| Type | Resale | 5y | 10y | 15y |
|---|---|---|---|---|
| Capesize | 56.50 | 47.00 | 30.00 | 19.00 |
| Panamax | 37.50 | 31.00 | 22.25 | 15.50 |
| Supramax | 37.00 | 30.00 | 21.00 | 15.25 |
| Handysize | 30.00 | 26.00 | 18.00 | 11.00 |
