MARKET NEWS

EMF Weekly 3

2 days ago

Tankers

There are few changes from last week, for the VLCCs the going is still tough. Suezmax and Aframax still look very healthy going forward. Suezmax and Aframax earnings are holding steady above $70,000/day, while VLCC earnings eased 6% week-on-week to $36,838/day. On the other hand, in the last week we have seen somewhat weaker rates and activity over the Atlantic, but at the same time we see an increase over the Mediterranean/Black Sea.

$ /day
$ 0 /day

Aframax, 12 months TC

$ 0 /day

Aframax, Average spot

Tankers
Aframax, 12 months TC
Aframax, Average spot

Dry Bulk

The difficult start to the year has not come to an end, where you can clearly see that Chinese New Year affects all segments. We expect a steady decline, although the market historically tends to recover somewhat in the future. Capesize continues to fall, and on some routes within Capesize, earnings are now negative. Panamax and Handysize are also prominent, especially in the Atlantic. The activity is particularly low and baltic reports has very little to report. Generally little activity also in FFA.

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Capesize, 12 months TC

$ 0 /day

Kamsramax, 12 months TC

Tankers
Capesize, 12 months TC
Kamsarmax, 12 months TC

S&P

Tanker

We see in the LR2 sector that a South Korean built Ice class A1 LR2 tanker “SEAMAGIC” (116,905 dwt, built 2007, Hyundai HI, BWTS fitted) has been sold for around $46 million.

Dry Bulk

No news.

Tankers

Indicative TC (1 year)
Type Tons Week 3 Week 2 + /-
VLCC 300t. $ 46.000 $ 46.500 -2 %
Suemax 180t. $ 47.000 $ 47.000 0 %
Aframax 120t. $ 45.500 $ 45.500 0 %
MR 80t. $ 31.250 $ 31.250 0 %
Indicative Values
Type Resale 5y 10y 15y
VLCC 125.00 100.00 76.00 60.00
Suemax 85.00 68.00 53.00 31.00
Aframax 75.00 62.50 50.00 38.50
MR 47.50 41.50 33.00 22.50

Dry Bulk

Indicative TC (1 year)
Type Tons Week 3 Week 2 + /-
Capesize 180t. $ 17.500 $ 17.000 1 %
Panamax 76t. $ 13.875 $ 13.750 1 %
Supramax 55t. $ 13.750 $ 13.125 2 %
Handysize 30t. $ 11.750 $ 10.250 5 %
Indicative Values
Type Resale 5y 10y 15y
Capesize 53.50 44.00 29.00 18.50
Panamax 36.50 30.00 22.50 14.75
Supramax 35.50 28.50 18.50 14.75
Handysize 28.50 24.50 16.50 10.50

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