Market News

EMF Weekly 12

5 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.

$ /day
$ 0 /day

Aframax, 12 months TC

$ 0 /day

Aframax, Average spot

Tankers
Aframax, 12 months TC
Aframax, Average spot

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.

$ /day
$ 0 /day

Capesize, 12 months TC

$ 0 /day

Kamsramax, 12 months TC

Tankers
Capesize, 12 months TC
Kamsarmax, 12 months TC

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

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