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.

$ /day
$ 0 /day

Aframax, 12 months TC

$ 0 /day

Aframax, Average spot

Tankers
Aframax, 12 months TC
Aframax, Average spot

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.

$ /day
$ 0 /day

Capesize, 12 months TC

$ 0 /day

Kamsramax, 12 months TC

Tankers
Capesize, 12 months TC
Kamsarmax, 12 months TC

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

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