MARKET NEWS

EMF Weekly 8

2 years ago

TankerS

The rates have weakened marginally across the three major tanker segments. That said, higher activity is expected over the next few weeks. Of course, there are many factors today that can pull the market in different directions, geopolitical unrest has historically supported the tanker market but it will be exciting to see how the situation in Ukraine will actually play out.

$ 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

The rates are rising and the good tendencies have continued lately. Here, too, it will be exciting to see how today’s geopolitical unrest unfolds, with the latest news being the recent US sanctions that could prevent trade from Ukraine/the Black Sea. However, this can be positive for dry bulk, as the raw materials must be picked up elsewhere some distance away and tie up the fleet capacity over a longer period of time.

$ 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 7 Week 8 + /-
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 %
Indicative Values
Type Resale 5y 10y
VLCC 99.00 73.00 50.00 34.00
Suemax 69.00 48.00 32.00 19.00
Aframax 59.00 45.00 29.50 17.50
MR 44.00 31.50 20.00 12.50

Dry Bulk

Indicative TC (1 year)
Type Tons Week 7 Week 8 + /-
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 %
Indicative Values
Type Resale 5y 10y
Capesize 59.50 47.00 33.00 21.00
Panamax 40.50 33.00 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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