MARKET NEWS

EMF Weekly 48

2 years ago

TankerS

Among the large tank segments, rates strengthen. The highest growth is in Suezmax and Aframax, where rates have increased by 62% and 51%, respectively. The new Covid-19 variant, Omicron, is impossible to avoid, but so far, rates remain upright. Moreover, it is worth noting that this week’s TC contracts got signed at $20.0000+, of which the strongest transaction went at $24k per day.

$ 0 /day

Aframax ECO, 12 months TC

$ 0 /day

Aframax, Average spot

$ 0 /day

Suezmax ECO, 12 months TC

$ 0 /day

Suezmax, Average spot

Source: Clarksons Research

Dry Bulk

On the dry bulk market, rates continue the promising trends. With tight tonnage lists and large volumes of cargo to be handled among most of the segments, it is the shipowners, who are in the driver’s seat at the moment.

$ 0 /day

Capesize, 12 months TC

$ 0 /day

Kamsarmax, 12 months TC

Source: Clarksons Research

car carrier

$ 0 /day

5000 CEU – 12 months TC

$ 0 /day

6500 CEU – 12 months  TC

Source: Clarksons Research

Tankers

Indicative TC (1 year)
Type Tons Week 48 Week 49 + /-
VLCC 300t. $ 28000 $ 28000 0 %
Suemax 180t. $ 18500 $ 18500 0 %
Aframax 120t. $ 20000 $ 20000 0 %
MR 80t. $ 12750 $ 12750 0 %
Indicative Values
Type Resale 5y 10y
VLCC 99.00 70.00 46.00 33.00
Suemax 69.00 47.00 31.00 19.00
Aframax 59.00 41.00 27.00 17.50
MR 43.00 31.00 20.00 12.50

Dry Bulk

Indicative TC (1 year)
Type Tons Week 48 Week 49 + /-
Capesize 180t. $ 27625 $ 24500 12.7 %
Panamax 76t. $ 22625 $ 18500 22.3 %
Supramax 55t. $ 23750 $ 20750 14.4 %
Handysize 30t. $ 24125 $ 21750 11 %
Indicative Values
Type Resale 5y 10y
Capesize 59.50 47.00 33.00 21.00
Panamax 40.00 32.00 23.50 16.80
Supramax 37.00 30.00 21.00 15.80
Handysize 30.00 25.50 17.00 10.50

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