Market News
EMF Weekly 12
2 months ago
Tankers
The rates are not suprisingly decreasing further, although there has been some activity in Aframax and Suezmax. VLCC rates went through intense pressure pushing into negative levels. Going forward, further sanctions are expected against Russia which will stop export to Europe and change trading patterns. These temporary expected changes will most likely weaken the VLCC segment, but boost Afra and Suez.
Aframax, 12 months TC
Aframax, Average spot
Tankers
Dry Bulk
The rates are somewhat unchanged after last week’s intense increase. The volume is still sustainable so immediate rate fallings are relatively unlikely.
Capesize, 12 months TC
Kamsramax, 12 months TC
Tankers
S&P
Tanker
The rates are not surprisingly decreasing further, although there has been some activity in Aframax and Suexmax. VLCC rates went through intense pressure pushing into negative levels. Going forward further sanctions are expected against Russia which will stop export to Europe and change trading patterns. These temporary expected changes will most likely weaken the VLCC segment, but boost Afra and Suez.
Dry Bulk
The rates are somewhat unchanged after last week’s intense increase. The volume is still sustainable so immediate rate fallings are relatively unlikely.
Tankers
Indicative TC (1 year)
| Type | Tons | Week 11 | Week 12 | + /- |
|---|---|---|---|---|
| VLCC | 300t. | $ 28.750 | $ 27.250 | 5.5 % |
| Suemax | 180t. | $ 24.500 | $ 24.500 | 0 % |
| Aframax | 120t. | $ 22.500 | $ 18.750 | 20 % |
| MR | 80t. | $ 14.875 | $ 15.000 | -0.8 % |
Indicative Values
| Type | Resale | 5y | 10y | 15y |
|---|---|---|---|---|
| VLCC | 99 | 73 | 50 | 34 |
| Suemax | 69 | 48 | 32 | 19 |
| Aframax | 59 | 45 | 29.50 | 17.50 |
| MR | 44 | 31.50 | 20.00 | 12.50 |
Dry Bulk
Indicative TC (1 year)
| Type | Tons | Week 11 | Week 12 | + /- |
|---|---|---|---|---|
| Capesize | 180t. | $ 32.125 | $ 28.750 | 11.7 % |
| Panamax | 76t. | $ 25.750 | $ 23.875 | 7.8 % |
| Supramax | 55t. | $ 26.000 | $ 26.250 | -0.9 % |
| Handysize | 30t. | $ 28.750 | $ 25.500 | 12.7 % |
Indicative Values
| Type | Resale | 5y | 10y | 15y |
|---|---|---|---|---|
| Capesize | 59.50 | 47.00 | 33.00 | 21.00 |
| Panamax | 40.50 | 33.00 | 23.50 | 16.80 |
| Supramax | 37.00 | 30.00 | 21.00 | 15.80 |
| Handysize | 30.00 | 25.50 | 17.00 | 10.50 |
