EMF Weekly 46

1 week ago

Tankers

Last week showed a really strong development in the overall tanker market. Weekly earnings strengthened on a weekly basis with 22% in the VLCC segment. In addition, a really tight Aframax market gave several opportunities for ship owners in the suezmax segment trading in the black sea. The average spot rates rose to over $100.000 in both Suezmax- and Aframax segments, meaning all super tanker segments are looking at spotrates above $100.000. In general, we have seen a much tighter market and an extremely high activity level due to the embargo of russian oil which will be effective from the 5th of December.

$ /day
$ 0 /day

Aframax, 12 months TC

$ 0 /day

Aframax, Average spot

Tankers
Aframax, 12 months TC
Aframax, Average spot

Dry Bulk

Another really challenging week in the dry bulk market. The average spot rate weakened with 39% indicating a tough week for the capesize ship owners. In the Panamax segment we saw a little rise in activity in the Atlantic, however towards the weekend the market slowed down and the rates softened compared to last week levels. Within the Supramax segment a shortage of available tonnage in the US Gulf made the rates on the USG – Continent increase a bit to $22.500/day. However, overall the rates ended down compared to last week.

$ /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

A Korean built LR2 Tanker “FOS HAMILTON” (105,408 dwt, built 2013, Hyundai HI (Gunsan), BWTS fitted) sold to a price of $43.75m.

Dry Bulk

A Capesize ship “HL SHINBORYEONG” (179,294 dwt, built 2010, Hyundai Samho HI), sold to greek shipowners to a price in the region of$25m.

Tankers

Indicative TC (1 year)
Type Tons Week 46 Week 45 + /-
VLCC 300t. $ 52500 $ 52.500 3 %
Suemax 180t. $ 46.500 $ 45.500 3 %
Aframax 120t. $ 36.250 $ 36.250 0 %
MR 80t. $ 32.500 $ 32.500 0 %
Indicative Values
Type Resale 5y 10y 15y
VLCC 120.00 90.00 66.00 52.00
Suemax 80.00 62.00 46.00 29.00
Aframax 73.00 58.00 43.00 20.50
MR 56.50 44.00 33.00 17.00

Dry Bulk

Indicative TC (1 year)
Type Tons Week 46 Week 45 + /-
Capesize 180t. $ 14.000 $ 14.750 -5 %
Panamax 76t. $ 13.850 $ 14.075 -2 %
Supramax 55t. $ 12.500 $ 11.500 9 %
Handysize 30t. $ 10.250 $ 11.250 -4 %
Indicative Values
Type Resale 5y 10y 15y
Capesize 52.00 43.00 28.50 18.50
Panamax 37.50 31.00 23.00 15.00
Supramax 36.00 28.50 19.50 14.75
Handysize 28.00 24.00 16.50 10.50

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