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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.
Aframax ECO, 12 months TC
Aframax, Average spot
Suezmax ECO, 12 months TC
Suezmax, Average spot
Source: Clarksons Research
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.
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 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 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| 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 |
| 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 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| 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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