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The conflict in Ukraine continues, but luckily a negotiation between the two parties have opened up. This will probably lead to some kind of agreement that can end the misery currently happening in Ukraine. The tank market has cooled down since last week, where the tonnage list has begun to build up again. We are expecting that things will tighten up in the future. We also see that the long term consequences for the tank market can be positive, where new trading routes and pressure on “ton mile demand” will occur.
Aframax ECO, 12 months TC
Aframax, Average spot
Suezmax ECO, 12 months TC
Suezmax, Average spot
Source: Clarksons Research
The rates in drybulk have tightened up since last week, where the capsize segment was the class that had the biggest growth with circa 50 precent. The reason is Europe’s willingness to once again use fossil fuels, and renewed dialog with Australia about an increase in coal import.
Capesize, 12 months TC
Kamsarmax, 12 months TC
Source: Clarksons Research
5000 CEU – 12 months TC
6500 CEU – 12 months TC
Source: Clarksons Research
| Type | Tons | Week 10 | Week 11 | + /- |
|---|---|---|---|---|
| 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 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| VLCC | 99.00 | 73.00 | 50.00 | 34.00 |
| Suemax | 69.00 | 48.00 | 32.00 | 19.00 |
| Aframax | 59.00 | 45.00 | 29.50 | 17.50 |
| MR | 44.00 | 31.50 | 20.00 | 12.50 |
| Type | Tons | Week 10 | Week 11 | + /- |
|---|---|---|---|---|
| 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 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| Capesize | 59.50 | 47 | 33 | |
| Panamax | 40.50 | 33 | 23.50 | |
| Supramax | 37.00 | 30 | 21 | |
| Handysize | 30.00 | 25.50 | 25.50 |
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