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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 ECO, 12 months TC
Aframax, Average spot
Suezmax ECO, 12 months TC
Suezmax, Average spot
Source: Clarksons Research
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
Kamsarmax, 12 months TC
Source: Clarksons Research
5000 CEU – 12 months TC
6500 CEU – 12 months TC
Source: Clarksons Research
| 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 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| 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 |
| 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 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| 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 |
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