Chemical tanker spot rates All three reports focus on small chemical tankers generally up to 50,000 tonnes, and include freight rate assessments as well as commentary on the spot market; Freight rates are assessed after weekly interaction with key industry players, including traders, ship charterers, ship Shipping analysts estimated Belship’s core NAV at NOK 24. ” “Some smaller subsegments, such as chemical tankers and some smaller product tankers, were successful in 2023 in applying energy efficiency measures, such as waste heat recovery, shaft generators and wind-assisted propulsion Niels Stolt-Nielsen is turning down longer-term charter business to keep his chemical tankers ready to capitalise on rising spot rates. The market is forecasted to increase at a CAGR of 7. Our tanker Argus Tanker Freight gives you access to daily prices on more than 250 routes for clean, dirty and specialised tankers, available in multiple units – from Worldscale and lumpsum to USD/bl. General Shipping. 62 billion by 2032 at a CAGR of 4. Freight rates for crude and products will see rapid gains in 2023 and 2024 — similar to 2008, when rates often exceeded $100,000/d — with demand growth outpacing tanker supply, according to shipping association Bimco. Jump to. Adrian Brown, head of chemical research at broker In this brief paper, we will examine the reasons why and the potential for continued strength in spot charter rates for aromatic petrochemical products, like benzene and paraxylene. 05 Apr 2024: Currently, tanker asset prices are red-hot, with second-hand values and newbuilding prices at their highest levels in the last 15 years amid strong market fundamentals. It has been a half year of robust cross-market strength for the shipping industry, with our ClarkSea Index up 6% y-o-y ($25,498/day, 43% above the ten year trend) and the bulkcarrier and container sectors joining “energy” shipping in positive territory. 5% from 2023 to 2033. Trusted data for tankers. Tanker Chartering and Freight Rates - 2023 - Oil and Energy Trends - Wiley Online Library Though the spot markets for both crude and product tankers have suffered reductions during 2023, and crude tankers especially have seen significant volatility, both markets have remained attractive. Chemical tankers Explore the latest news on the tanker sector, crude, product and chemical tankers, LNG and LPG carriers, freight rates and fleet developments, brought to you by the editors of Seatrade Maritime News The pull of MR tankers into other trades has tightened the pure chemical tanker fleet and increased spot rates, driving improved TCE returns and supporting an upward earnings trajectory. Drewry AIS Analytics > Maritime Financial Research. The Oslo-listed group said a strong quarter to 29 February marked a solid start to 2024. The report also includes newbuilding, deliveries, demolition, and sale and purchase markets, providing an important summary for A weekly evaluation of spot activity for chemical tankers cross AG and AG-Eastbound trading routes. Special team is serving the specialised tanker industry globally and has an overview of the entire global fleet of chemical and other special tankers in our size segments – approximately 6,200 vessels. Crude tankers cleaning up to trade products lopped off approximately $17,000 per day from LR2 spot rates in the third quarter, according to Clarksons. 1500 USD. And it is above the average daily TCE spot rate of $33,100 over ‘Eye-watering’ rates fuel unprecedented boom in small chemical tanker orders, SSY says Published 20 November 2024 10:57 GMT Tankers Tanker owners rein in asking prices as rates curb investor SANTIAGO (ICIS)–Chemicals tanker prices have risen globally 30-75% in the past four years on a lack of liquidity, an expert at Chile-headquartered chemicals bulk operator Ultratank said on Tuesday. Daily Freight Rate Assessments A daily transmission of tanker spot rates and TCE revenue The demand for chemicals worldwide is increasing, and so is the growth rate for chemical and specialised products. 9% amides, and alcohols, and the growing demand for bio-based lubricants is expected to propel the segment growth rate. Add to Cart. Tanker rates tumble on key route as China cuts crude purchases Odfjell plans to buy seven chemical tankers in the coming year. 20 Dec 2024: In the key East-West trade lanes – Transpacific, Transatlantic, and LIQUID TANKER RATES Overall, the US chemical tanker freight rates were unchanged this week for several trade lanes, except for the USG-Asia trade lane as spot tonnage remains tight. . Whether you are a Shipper (commodity trader, freight trader, FMCG/manufactured goods shipper), a Carrier (shipowner, ship operator) or provide other services within the supply chain (ship broker, analyst, risk management, financial institution), A Voyage Charter or Spot Charter involves engaging a ship for a single voyage, where the vessel is tasked to transport cargo from a specific load port or ports to a discharge port or ports within a mutually agreed area. The global chemical tanker market is valued at US$ 15 billion in 2023 and is predicted to reach a market size of US$ 31 billion by the end of 2033. Teekay Marine Markets, Tanker Update Watch this space for Teekay's regular update on the tanker market. Chemical tanker spot shipping continues to be slow intra-Europe, Gain a comprehensive picture of the most important developments in the clean tanker market with: — Daily updated independent Worldscale rates and freight assessments — Separate East of Suez, West of Suez and Americas TC10 BITR-ASIA CPP/UNL S. Belships has a fleet of 42 modern (average age 3 years Certain estimates may be based on prevailing market conditions. KOREA-SING 40k, Indice, TC12 Naptha Sikka (WCI) > Japan HANDY 35k, Indice, TC14 U. The efficiency of the chemical Monthly Chemical Tanker & Palm Oil Report. About; Vision and Values; History; Leadership; Fleet; Sustainability; Accessibility Plan (Canada) Business. July 4, 2024 Stephen Gordon. A monthly evaluation of market activity in the spot and period charter markets among key trading routes of the chemical and palm oil shipping sector. 07 billion in 2024 to reach a valuation of USD 42. Full story. a weighted average of spot container freight rates, increased 8% to $934 per 40ft container in the past fortnight. Updated on a monthly basis. 2 per share, which results in a 15% discount to underlying values. S. Daily Tanker Market Rate Snapshot A one page daily spot freight rate for 36 trades in 8 vessel segments including Worldscale spot rates, TCE revenues, bunker prices, time charter and asset market rates The Baltic Exchange provides a complete picture of the tanker market through our daily physical and forward assessments, weekly Sale & Purchase and vessel recycling data, and quarterly benchmark of operating costs. This surge in volume has the potential to push MR spot rates to about $60,000 per day from a maximum of $40,000 per day Our spot MR voyages booked over the last two weeks have averaged $15,300 / day and our chemical tankers $17,400 / day, while Eco-Design MR one-year TC rates have improved to $15,500 / day, and the Daily Tanker Market Rates; Daily Bunker Report; Cheapest Bunker Port Matrix; Weekly Shipbrokers Reports; 11/09/2024 Comments Off on Weekly Tanker Time Charter Estimates, September 11 2024. In some circumstances, rates for certain vessel types are based on theoretical assumptions of premium or discount for Get the most important developments in the global dirty tanker market including: global freight rates, the latest tanker fixtures, information on proj Learn More Daily tanker brokerage report with tanker projects, prices, vessel sale & purchase and spot market rate assessments. 39K per day in November 2022 The owner so far has 61% of spot days fixed at $34,093 per day for VLCCs in the third quarter, and 49% of suezmax days booked at $41,041. Drewry was appointed to provide a study of chemical tanker shipping market and forecast time charter rates Current freight rates in %Ws which are calculated from all dirty spot fixtures for which rates were reported during the month. for second-hand tankers have risen sharply on the back of strong returns in the spot markets as well as tonnage illiquidity. Related news. Overview. Dry Bulk Shipping. Tanker Shipping Chemical Tankers Crude Tankers Product Tankers. Based on the fleet size type, the market is further segmented into inland chemical tankers (1,000-4,999 DWT), coastal chemical tankers (5,000-9,999 DWT), and deep-sea chemical tankers (10,000-50,000 DWT). KOREA 40k, Indice, TC11 BITR-ASIA S. Drewry provided a detailed chemical tanker market outlook with long-term time charter revenue projections to a European-based chemical and product tanker owner-operator. Various benefits of the IMO 2 chemical tankers, such as corrosion It has led to more sea trade, longer routes, the need for more tankers, and higher freight rates for tankers. About. This all-basis limited spot activity to most regions and as COA nominations are taking longer than usual for the regular vessel owners. Worldwide demand for organic chemicals is expected to rise faster at a CAGR of 8% over the That is the highest level since 18 April, when rates were headed downward in a bumpy market that dipped as low as $12,800 per day. Ocean freight spot market rates Benchmarking ocean freight contract rates Market forecasts by sector. BIMCHEMTIME for Chemical Tankers; BOXTIME 2004 for Container Ships; NYPE (New York Produce Exchange) for Dry Bulk Ships Chemical Tanker Market Growth Outlook for 2023 to 2033. . For subscribers. Norwegian chemical tanker player Odfjell has shrugged off a dip in its net earnings in the third quarter of its 2024 financial year, claiming that while freight rates come down as predicted from Platts Market Data –Tankers delivers the numbers you need to gauge your markets, your competition, and your future potential. Western tanker owners set to benefit as price Norway’s Stolt-Nielsen has posted a rise in profit as chemical tanker rates hit new highs. View More. The Baltic Exchange provides a complete picture of the tanker market through our daily physical and forward assessments, weekly Sale & Purchase and vessel recycling data, and quarterly benchmark of operating Global spot freight rates under pressure as chems shipping demand slows further. Underlying Time charter rates for chemical tankers have doubled after charterers baulked at paying eye-watering contract of affreightment (COA) rises. Gulf to UK/CONT HANDY 38k, Indice, TC1 AG > JPN LR2 75k, Indice, TC2 UK/CONT to USAC MR 37k, Indice, TC2 - 37k - Rotterdam, New York, TC3 CARIBS > USAC MR 38k, Indice, TC4 Singapore to Japan The client owned a fleet of chemical and product tankers deployed internationally as well as in Med, Black Sea, UK Continent and Italian Cabotage. The average time-charter equivalent (TCE) earnings for the trade lanes MSI tracks increased 13% month-on-month (m-o-m) to US$27. Gas Shipping LNG Shipping LPG Shipping. Tag: Tanker. Tankers. Marta Fern. The Norwegian tanker operator is exercising purchase options on ships already sailing on long-term contracts in its fleet. ‘Eye-watering’ rates fuel unprecedented boom in small chemical tanker orders, SSY says Published 20 November 2024 10:57 GMT Tankers Tanker owners rein in asking prices as rates curb investor Metrostar Management’s 116,000-dwt LR2 tanker Prostar (built 2019). 0-24. Time charter rates have remained near the highs of 2022 and second-hand ship prices have continued to increase. While high freight rates and tight tonnage availability have underpinned second-hand values, the tight availability of shipyard facilities has inflated newbuild prices. Tanker Spot Rates . The chief executive of Oslo-listed group Stolt-Nielsen said Also, the increasing demand for bio-based lubricants is likely to boost the growth of the IMO-2 carrier chemical tanker market. Shipping’s Half Year Report. Specialized analysis on vessel sale and purchase, clean prices & time charter assessment for the clean tanker market. 03 Jul 24: Skyrocketing freight rates in the product tanker market, especially in the LR segment, are luring some charterers to use VLCCs for the CPP trade after tank cleaning. In the second period, the VLCCs managed spot rates of The Global Chemical Tankers Market is expected to reach USD 29. 14-Jul-2020. tuxxii dvowre itz cvdmamk etl fcjg tysy rbjlwg ucoxdiynj gcnd