MARKET NEWS

EMF Weekly 35

2 years 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.

$ 0 /day

Aframax ECO, 12 months TC

$ 0 /day

Aframax, Average spot

$ 0 /day

Suezmax ECO, 12 months TC

$ 0 /day

Suezmax, Average spot

Source: Clarksons Research

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.

$ 0 /day

Capesize, 12 months TC

$ 0 /day

Kamsarmax, 12 months TC

Source: Clarksons Research

car carrier

$ 0 /day

5000 CEU – 12 months TC

$ 0 /day

6500 CEU – 12 months  TC

Source: Clarksons Research

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
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
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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