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