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Strong momentum in the VLCC market now, where the average rate for a VLCC without scrubbers rises by 91% from the previous week (highest level since the pandemic started). This mainly comes as a result of the US exporting record volumes. Suez and Afra remain stable at high levels.
Aframax ECO, 12 months TC
Aframax, Average spot
Suezmax ECO, 12 months TC
Suezmax, Average spot
Source: Clarksons Research
Rates continue to show weakness, with Capesize falling to its lowest level in 7 months, mainly as a result of weaker Chinese demand and less congestion in the ports. Handysize has fallen to its lowest level in 18 months.
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 33 | Week 32 | + /- |
|---|---|---|---|---|
| VLCC | 300t. | $ 34.000 | $ 33.500 | 1.5 % |
| Suemax | 180t. | $ 31.000 | $ 31.000 | 0 % |
| Aframax | 120t. | $ 30.000 | $ 28.000 | 7 % |
| MR | 80t. | $ 28.500 | $ 28.500 | 0 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| VLCC | 109.00 | 84.00 | 58.00 | 41.00 |
| Suemax | 79.00 | 59.00 | 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 33 | Week 32 | + /- |
|---|---|---|---|---|
| Capesize | 180t. | $ 15.500 | $ 16.625 | -6.7 % |
| Panamax | 76t. | $ 15.500 | $ 16.075 | -3.6 % |
| Supramax | 55t. | $ 17.250 | $ 16.250 | 6 % |
| Handysize | 30t. | $ 17.438 | $ 17.063 | 1.2 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| Capesize | 60.50 | 51.00 | 33.00 | 21.00 |
| Panamax | 40.50 | 34.50 | 25.50 | 17.50 |
| Supramax | 39.50 | 32.00 | 23.00 | 17.50 |
| Handysize | 31.50 | 27.50 | 19.50 | 13.50 |
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