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The rates are stabile in Suezmax and Aframax, while VLCC continues the negative tendency with further fallings by 30 precent. Moving forward there are some entertaining days ahead from the geopolitical perspective. A potential war in Ukraine does not look to be happening, while there are still discussions concerning the nuclear negotiations between the US and Iran. These are factors that can potentially have a big impact on the market in the short run.
Aframax ECO, 12 months TC
Aframax, Average spot
Suezmax ECO, 12 months TC
Suezmax, Average spot
Source: Clarksons Research
The Capesize segment came alive last week with an increase in the rates by 147 percent following the holidays in Asia. This has also had an effect on the smaller classes which increase marginally in revenue.
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 6 | Week 7 | + /- |
|---|---|---|---|---|
| VLCC | 300t. | $ 26.250 | $ 27.250 | -3.8 % |
| Suemax | 180t. | $ 18.500 | $ 18.500 | 0 % |
| Aframax | 120t. | $ 18.750 | $ 18.750 | 0 % |
| MR | 80t. | $ 15.000 | $ 15.000 | 0 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| VLCC | 99 | 73 | 50 | 34 |
| Suemax | 69 | 48 | 32 | 19 |
| Aframax | 59 | 45 | 29.5 | 17.5 |
| MR | 44 | 31.5 | 20 | 12.5 |
| Type | Tons | Week 6 | Week 7 | + /- |
|---|---|---|---|---|
| Capesize | 180t. | $ 28.750 | $ 25.750 | 11.7 % |
| Panamax | 76t. | $ 23.875 | $ 21.950 | 8.8 % |
| Supramax | 55t. | $ 26.250 | $ 22.500 | 16.7 % |
| Handysize | 30t. | $ 25.500 | $ 21.875 | 16.6 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| Capesize | 59.5 | 47 | 33 | 21 |
| Panamax | 40.5 | 33 | 23.5 | 16.8 |
| Supramax | 37 | 30 | 21 | 15.8 |
| Handysize | 30 | 25.5 | 17 | 10.50 |
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