EMF Weekly 35

3 months ago

Tankers

In terms of activity, a little quieter in the segment this week, but the rates remain at stable high levels. Going forward, it looks like the shipowners will be able to gain momentum, as the tonnage lists are shrinking every day. OPEC has also communicated potential cuts in September as a result of the growing spread between the paper market and the physical oil market.

$ /day
$ 0 /day

Aframax, 12 months TC

$ 0 /day

Aframax, Average spot

Tankers
Aframax, 12 months TC
Aframax, Average spot

Dry Bulk

A very difficult week for dry cargo shipowners, where the average rate in Capesize falls by 60% compared to the previous week. Even shipowners with scrubbers installed do not make it above B/E levels in the segment. Conditions are slightly better in the smaller classes, where Supramax delivers rates well above B/E levels.

$ /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

An Aframax LR2 (105,304 dwt, built 2010, Hyundai HI, Ulsan) sold for $36.5m

Dry Bulk

A quiet week in dry bulk, where a total of 516 ships have been sold this year for a total of $24.5m dwt, down 18% from the previous year.

Tankers

Indicative TC (1 year)
Type Tons Week 34 Week 33 + /-
VLCC 300t. $ 38.000 $ 34.000 11.8 %
Suemax 180t. $ 31.000 $ 31.000 0 %
Aframax 120t. $ 30.500 $ 30.000 1.7 %
MR 80t. $ 26.500 $ 28.500 -7.5 %
Indicative Values
Type Resale 5y 10y 15y
VLCC 109.00 84.00 58.00 41.00
Suemax 79.00 59.00 42.50 25.00
Aframax 69.00 54.00 39.00 18.50
MR 55.00 42.50 28.00 15.00

Dry Bulk

Indicative TC (1 year)
Type Tons Week 34 Week 33 + /-
Capesize 180t. $ 14.500 $ 15.500 -6.5 %
Panamax 76t. $ 14.500 $ 15.500 -6.5 %
Supramax 55t. $ 17.250 $ 17.250 0 %
Handysize 30t. $ 17.250 $ 17.438 -1 %
Indicative Values
Type Resale 5y 10y 15y
Capesize 59.00 49.50 32.00 20.50
Panamax 39.00 33.00 24.50 17.00
Supramax 38.50 31.00 22.00 17.00
Handysize 31.00 27.00 19.00 13.00

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