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It is a mixed outlook among the large tank segments. VLCC rates are looking strong, with a 268% growth compared to last week. Rates in Suezmax remain stable, while they in Afra fall by almost 20%. Looking forward, we expect to see an improvement in rates among VLCC and Aframax as a result of higher oil output. Worth noting is Newbuild that has increased significantly over the last months.
Aframax ECO, 12 months TC
Aframax, Average spot
Suezmax ECO, 12 months TC
Suezmax, Average spot
Source: Clarksons Research
Capesize rates continue to rise. The average rate ended at $57,080 per day in spot, which is the highest since 2009. Furthermore, the situation regarding Evergrande appears to be resolving, which otherwise had caused brief uncertainty
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 38 | Week 37 | + /- |
|---|---|---|---|---|
| VLCC | 300t. | $ 22.500 | $ 23.000 | 2 % |
| Suemax | 180t. | $ 16.250 | $ 16.250 | 0 % |
| Aframax | 120t. | $ 14.500 | $ 15.500 | 6.4 % |
| MR | 80t. | $ 11.750 | $ 11.750 | 0 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| VLCC | 97.00 | 70.00 | 46.00 | 33.00 |
| Suemax | 67.00 | 48.00 | 32.00 | 19.00 |
| Aframax | 56.00 | 40.00 | 26.00 | 16.50 |
| MR | 43.00 | 31.00 | 20.00 | 12.50 |
| Type | Tons | Week 38 | Week 37 | + /- |
|---|---|---|---|---|
| Capesize | 180t. | $ 34.625 | $ 34.250 | 1 % |
| Panamax | 76t. | $ 29.000 | $ 28.750 | 0.9 % |
| Supramax | 55t. | $ 29.500 | $ 29.500 | 0 % |
| Handysize | 30t. | $ 28.500 | $ 27.5 | 0 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| Capesize | 57.00 | 46.00 | 33.80 | 21.50 |
| Panamax | 38.00 | 33.00 | 25.00 | 17.00 |
| Supramax | 36.00 | 31.00 | 21.00 | 15.80 |
| Handysize | 29.00 | 24.50 | 17.00 | 10.50 |
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