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