EMF Weekly 36

3 months ago

Tankers

The rates remain stable at high levels in the the crude segment. The OPEC cuts seem to have limited significance, where the interesting thing – going forward – will be the negotiations on the reversal of the sanctions against Iran. This could potentially bring an extra 1m oil barrels onto the market, as well as trigger the scrapping of older ships.

$ /day
$ 0 /day

Aframax, 12 months TC

$ 0 /day

Aframax, Average spot

Tankers
Aframax, 12 months TC
Aframax, Average spot

Dry Bulk

A lot of volatility in the rates, especially in Capesize, where rates have seen a small recoil from last week. Seasonally, the rates should be good in the third quarter, but there are many indications that the peak was seen in the second quarter of this year compared to the decline of the last 3 months.

$ /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 (113,849 dwt, built 2007, Daewoo) sold for $28m however before SS.

Dry Bulk

An Aframax LR2 (113,849 dwt, built 2007, Daewoo) sold for $28m however before SS.

Tankers

Indicative TC (1 year)
Type Tons Week 35 Week 34 + /-
VLCC 300t. $ 4.500 $ 38.000 6.6 %
Suemax 180t. $ 32.250 $ 31.000 4 %
Aframax 120t. $ 31.500 $ 30.500 3.3 %
MR 80t. $ 26.500 $ 26.500 0 %
Indicative Values
Type Resale 5y 10y 15y
VLCC 112.00 85.00 58.00 42.00
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 35 Week 34 + /-
Capesize 180t. $ 14.125 $ 14.500 -2.6 %
Panamax 76t. $ 13.750 $ 14.500 -5.2 %
Supramax 55t. $ 14.000 $ 17.250 -18.8 %
Handysize 30t. $ 15.000 $ 17.250 -13 %
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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