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The rates are still stable at high levels in the crude oil tank. VLCC rates continue to be pushed upwards, as the desire to own this type of ship increases. The same trend spills over to Suezmax, while Aframax stays around last week’s levels. The Aframax segment is expected to improve next week, as the market wants replacement cargo for what is now not going out of Russia.
Aframax ECO, 12 months TC
Aframax, Average spot
Suezmax ECO, 12 months TC
Suezmax, Average spot
Source: Clarksons Research
The Capesize segment saw positive ripple effects this week, following cyclone disruption in East Asia at the end of last week. The Panamax segment maintains the momentum from last week, where increased exports of grain in the Atlantic contribute to increased rates. Panamax demand in the Pacific remains slightly calmer this week, as charterers and tonnage owners experience disagreements.
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 37 | Week 32 | + /- |
|---|---|---|---|---|
| VLCC | 300t. | $ 42.500 | $ 39.500 | 8 % |
| Suemax | 180t. | $ 38.000 | $ 38.000 | 0 % |
| Aframax | 120t. | $ 37.500 | $ 37.500 | 0 % |
| MR | 80t. | $ 27.500 | $ 25.500 | 8 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| VLCC | 116.00 | 88.00 | 64.00 | 47.00 |
| Suemax | 82.00 | 62.00 | 45.00 | 28.00 |
| Aframax | 72.00 | 57.00 | 42.00 | 20.50 |
| MR | 56.50 | 44.00 | 30.00 | 17.00 |
| Type | Tons | Week 37 | Week 32 | + /- |
|---|---|---|---|---|
| Capesize | 180t. | $ 15.250 | $ 14.750 | 3 % |
| Panamax | 76t. | $ 14.625 | $ 14.875 | -2 % |
| Supramax | 55t. | $ 14.750 | $ 14.250 | 4 % |
| Handysize | 30t. | $ 15.500 | $ 15.500 | 0 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| Capesize | 57.00 | 47.50 | 30.00 | 18.30 |
| Panamax | 37.00 | 31.00 | 22.00 | 16.00 |
| Supramax | 36.50 | 39.50 | 21.00 | 15.50 |
| Handysize | 30.50 | 26.50 | 18.00 | 8 |
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