Market News

EMF Weekly 31

5 days ago

Tankers

Rates remain steady at high levels in Afra- and Suezmax. Modern VLCCs with scrubbers installed are also making money today with an average rate last week of just over $40k a day. US crude oil exports reached a record 4.5m bpd, supported by a rising discount WTI is sold at versus Brent. This is also related to the fact that buyers in Europe are looking for providers other than Russian oil.

$ /day
$ 0 /day

Aframax, 12 months TC

$ 0 /day

Aframax, Average spot

Tankers
Aframax, 12 months TC
Aframax, Average spot

Dry Bulk

Rates continue to be under pressure this week as well. Capesize falls 20% from the previous week, while Supramax is at its lowest level since February. Panamax remained at steady levels, but here, too, shipowners will probably come under pressure in the coming weeks.

$ /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

High activity. A 2008 Aframax (105,380 dwt, built 2008, Sumitomo (Yokosuka) was sold for $28.75m with all SS completed. A transaction that proves the rising values ​​in the segment.

Dry Bulk

No transactions of interest.

Tankers

Indicative TC (1 year)
Type Tons Week 30 Week 29 + /-
VLCC 300t. $ 32.500 $ 28.500 14 %
Suemax 180t. $ 31.000 $ 27.500 12.7 %
Aframax 120t. $ 27.500 $ 26.250 4.8 %
MR 80t. $ 28.500 $ 24.500 16 %
Indicative Values
Type Resale 5y 10y 15y
VLCC 109.00 84.00 58.00 40.00
Suemax 78.00 58.00 42.50 25.00
Aframax 68.00 53.00 37.50 18.50
MR 53.50 41.00 27.00 15.00

Dry Bulk

Indicative TC (1 year)
Type Tons Week 30 Week 29 + /-
Capesize 180t. $ 21.625 $ 25.750 -16 %
Panamax 76t. $ 17.500 $ 18.250 -4 %
Supramax 55t. $ 16.250 $ 18.000 -9.7 %
Handysize 30t. $ 18.500 $ 19.500 -5 %
Indicative Values
Type Resale 5y 10y 15y
Capesize 62.50 53.00 35.00 22.50
Panamax 42.50 36.50 26.50 18.25
Supramax 40.50 33.00 23.50 18.50
Handysize 33.00 29.00 20.50 14.00

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