Tankers Weekly Last week displayed a solid increase in activity in the Mediterranean, interesting events occurred in the Baltic Sea around the Baltic. The Russia oil that originates from the pipelines of Ust-Luga is contaminated, buyers have already loaded a lot of ships, but there is no one who wants to take delivery as the oil is polluted. This means that these vessels will now disappear out of the market for a period until players want to receive the “contaminated” oil. As a result, Aframax spot rates rose last week by 25%. 1 year time charter contracts remain stable at $.

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Tankers weekly: It was a relatively quiet week in the tanker market last week. We saw similar earnings as the week before. The North Sea and the Baltic Sea settled well due to the contaminated oil from Russia, which contained too high levels of organic chloride. This has led to a solid demand growth for tankers in the area of supply of alternative oil. 1 year TC stays stable at $ 20,500. We expect these to continue to rise as we move out of refiners’ maintenance period, which is expected in May. Aframax – 1yr TC: $20.500 per day Aframax – Avarage.

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Tankers weekly: Spot earnings remain in soft for Aframaxes, as a result of relatively low activity for refineries globally. Reduced supply of oil from Venezuela and Iran is expected to persist, yet we see that demand growth after Aframaxes is on solid 3.9% in 2019 compared to weak 1.9% in 2018. This is supported by several long-haul export trades from the US and Brazil mainly to Asia. The broad consensus that the market should rise to significantly higher levels in the future continues to put pressure on 1 year lease contracts, as we have seen some contracts been drawn as high.

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Tankers Earnings in the Aframax spot market weakened further last week. One saw an increase in earnings in the North Sea and in the Baltic Sea. Beyond that there were relatively weak earnings. As mentioned in previous newsletters, we are in the refinery’s maintenance period where the start of Q2 is historically the weakest period in the tanker market. What is worth noting is that 12 months. Time-charter contracts stay at $ 20,500. Thus, the good trend continues, and we do not have to go any further than to New Year to find that the 12 months contracts were at.

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Tankers weekly (14) Earnings in Aframax weakened marginally last week. One saw a marked rise in rates between the Baltic Sea and the UK, beyond which there were relatively weak earnings. As mentioned in the previous newsletter, we are in the refiners’ maintenance period. The start of Q2 has historically been the weakest period in the tanker market. The positive thing that happened last week is that guiding one-year contracts took a new bundle and is now at $ 20,500. The Aframax also earned significantly better than its larger sisters, who cut just over $ 8,000 over the same period..

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Capesize rates in the spot market weakened again last week after reports that Vale has not started all their mines after the accident, and that Hurricane Victoria ravaged outside Australia, which is an important market for the Capesizes. Recently, it became official that a number of mines going into deficit in Spain will be closed, which will lead to an increase in tonnes-mile in the dry bulk segment, which is positive. Also interesting to see that 12 month contracts increase from $ 11500 to $ 13,000. Is drybulk about to pick up again? Furthermore, we see that Panamax experiences a.

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The spot rates for Aframaxes fell last week. The main reason for this fall in earnings is weakened activity in the Baltic Sea and the UK area with Ireland due to excessive tonnage in the area. Increased production in countries such as Libya and Algeria has led to a rise in the rates in the Mediterranean. Last week, Aframaxes continued to earn significantly more than Suezmax in the spot market, which underlines the fact that the Aframax vessels are in great demand. Rates are expected to increase when US refinery maintenance period ends. What is very interesting, however, is that.

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Tankers The market continues to remain relatively calm. However, there have been a couple of solid transactions in the secondary market. A 2001 built VLCC (298,410 dwt) went for $ 22m. What is more interesting for us is that two transactions were registered in the Aframax segment. A 2009 model (113,091) went for $ 22.5m and a 14-year-old ship (106,029) for $ 16m. This underpins the fact that ship values are in a rising trend when it comes to tankers. DryBulk The only activity of interest is a transaction of a five-year-old Kamsarmax (81,070) to $ 23,75m

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Tanker market The rates in the spot market for Aframaxes strengthened marginally last week. It has been a busy week in both the Mediterranean and the Black Sea, yet the rates here have dropped somewhat. The average rates nevertheless strengthen overall, well helped by strong figures from the Baltic Sea and the North Sea. What is interesting to see is that an Aframax today earns almost twice as much a Suezmax in the spot market. Last week, we also saw jump towards the 20s for 12 month TC contracts, which are now $ 19500 per day. Aframax – 12 month.

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Tankers The market continues to remain relatively calm. However, there have been a couple of solid  secondhand transactions. There was a 1999 built VLCC (309,985 dwt) $ 22m, the price is based on a premium of $ 5-6 million above scrap value for 20 year old tonnage. This is a very strong transaction. There was also a 1999 built Aframax (99,123 dwt) for around $ 8.7m. DryBulk No activity of interest

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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 50 All in all, a good week for the market with increasing rates across sectors. The week kicked off on.

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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 49 It seems that the dry bulk markets have stabilized after the week November market. Capesize earnings kept front-running also.

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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 48 The overall bulker earnings had a good week, fueled by the rebound in Capesize earnings Monday and Tuesday. The.

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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 47   The first part of the week was challenging, especially for the Capes with slowing demand on iron ore imports.

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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 46 The Chinese import disruptions has had a massive impact on the dry bulk market in recent weeks. This week.

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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 45 It was another tough week for the bulkers, experiencing lower demand for iron ore and coal in China and.

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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 44 The Drybulk market continued its correction this week, with sliding rates across all sectors. However, it is worth pointing.

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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 43 A strong week for the Capesize earnings failed to push the index higher as the mid-size vessels dropped substantially..

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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 42 The 2018s fourth quarter has kicked off on a positive note for the mid-size and smaller vessel sizes, but.

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Crude Oil – Aframax charter rates on fire According to Norwegian brokerage firm Arctic Securities Aframax charter rates have exploded this week, pushing average monthly rates up 158%. Aframax is often referred to as the “work horse” among tankers, as it’s the preferred vessel size for oil companies and refineries. The higher demand from refineries has moved charter rates above $30.000 per day in several areas this week, and the demand is expected to maintain on higher levels throughout the year. This is good news for owners on the back of a long downward trend, and a quick recovery in.

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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. Despite the dreadful start for the Capes, the global production of iron ore pushed the rates up at the end of the week..

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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. The Chinese “Golden Week” has historically had an impact on the dry bulk market. This year was not any different. However, the impact.

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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. The last week of Q3 ended on a positive note with surging rates across all major vessel classes. Capesize rates are currently below the Q3.

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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. The negative momentum from the last couple of weeks turned towards the end of this week, especially the larger vessels experienced higher earnings..

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The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures the change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. It was yet another negative week, primarily driven by the low demand for Capesize vessels. A major factor for the recent development is the strong US Dollar.

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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. Monday 27th was a bank holiday, hence the Baltic Exchange was closed. Weekly change: Closed at 1.490 point, down 5,64% BCI – Baltic.

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Tropical Storm “Gordon” tightens the tonnage availability Aframax owners is currently enjoying remarkably higher rates due to the bad weather in the US Gulf, up almost 15% over night. The average global freight rate has surpassed $16.000 a day, up around $3.000 from last week. The Aframax market has been on the strong side the last couple of weeks, with a strong demand trans-Atlantic and a tight tonnage list. The refineries are running at close to maximum capacity and the demand for oil and oil products are on the rise. The current weather conditions will have a positive effect on.

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BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures the point change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. Monday 27th was a bank holiday, hence the Baltic Exchange was closed. Weekly change: Closed at 1 point, down 6,95% BCI – Baltic Capesize.

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ADS Crude Carriers, a company founded by Arendals Dampskibselskab (ADS) in 2015, is heading for Merkur Market. Merkur Market is a marketplace owned by Oslo Stock Exchange, offering the fastest admission process in Europe. According to Tradewinds, Oslo Stock Exchange has approved the listing and first trading day will be today, Tuesday. ADS Crude was earlier reported taking over the Ship Finance owned Front Stratus and Front Page. Further, they will take delivery of a third VLCC from the same owner, Front Serenade next month. The vessels were all built in 2002 and are chartered to Frontline at above market.

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The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. Weekly change: Closed at 1.697 point, down 1,5% BCI – Baltic Capesize Index (40% of BDI) The Capesize sector started its week with a 0,3% fall on Monday and continued its.

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Danish Maersk Tankers partners up with Norwegian Klaveness Digital Klaveness Digital has spent three and a half year on developing a cloud-based platform for processing, storing and export of operational shipping data. The service will provide its user’s information for data-driven decisions, digital solutions, and services. We believe that this strategic collaboration with Maersk Tankers will accelerate the development of smart digital solutions for the shipping industry. Transparency and cooperation is the key in the future of our industry, and this partnership shows that we work towards the same objectives, said Aleksander Stensby – CEO in Klaveness Digital. Maersk Tankers.

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Tankers  The year’s 31st week was relatively positive for owners of larger tankers. The rates for both VLCC and Suezmax rose, while the Aframax rates experienced a minor fall. It is worth mentioning that Aframaxes still earns higher rates than Suezmaxes. The current rates for Aframax are significantly higher than the summer of 2017 and 2016. We are confident that another period of high earnings is ahead of us, and we are looking forward to the winter market. Aframax 12 months T/C rates: $14.500 per day Average spot market earning:: $13.200 per day Bulkers Baltic Dry Index rose 5,8% last week.

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Tankers  The past two weeks have lifted the rates, despite the low season, to acceptable levels for the owners. We do not expect any major upticks before Q4, but the optimism is dawning. Aframax 12 months T/C rates: $14.500 per day Average spot market earnings: $15.700 per day Bulkers Baltic Dry Index has grown 3,3% since last update. It closed at 1.676 points at the end of last week. Panamax rates have been lifted from $10.821 to $12.695, or north of 17%. Demand for Panamax vessels are on the rise, according to freight brokers. Vi expect the positive trend to last,.

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Tankers  The spot rate for Aframax continued its correction last week. The latest movement in the oil market is looking very positive for the sector, but it is common that the activity declines at this time of the year. On the other side of the summer, we expect to see the effect of the measures taken by the OPEC, parallel with the effects of significantly lower inventory. Price 12 months lease: $14.500 per day The average rate in the spot market: $9.700 per day Bulkers The Baltic Dry index rose 17,1% last week and closed on 1.622 points. The rates.

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Removes production cuts equal to 1 million barrels a day According to Reuters, OPEC has reached an agreement, despite the disagreement that existed before the meeting, to reduce production cuts equivalent to one million barrels a day. This means an actual increase of 600.000 barrels from today’s production levels. There is always some uncertainty about how much impact it will have on the tanker market, but it can surely only be interpreted positively. An increased supply of 1 million barrels a day, according to Clarkson’s, could increase prices from $15.000 to $25.000 a day for the largest ships. Two million.

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