Tanker rates. Used Trailer; Premium … By Arathy Somasekhar and Muyu Xu.

Tanker rates Ratings agency Moody’s said in its latest sector outlook this month that it expected tanker rates to remain at least stable over the next 12 months. H The purpose of this paper is fourfold: (1) investigate vessel and voyage determinants (e. Daily rates on main tanker routes as compiled by shipbroker Charles R. Container Tracking. Very firm tanker rates in Q1-23 with expectations of continued strength in both the near and medium term. These delays coupled with a large number of dry-dockings (more on that later) propelled VLGC rates on the Persian Gulf-Japan route to USD 119 per tonne on 12 January 2021, the highest since 30 The fourth Russian tanker this week broke down near the Kuril Islands (Dec 18 2024) The tanker "Mercury," with a crew of 19 people, lost power in the Pacific Ocean due to a main engine failure. The tanker market saw continued strength in the second quarter of 2023 due to robust long-haul crude oil exports from Russia, supported by high export volumes from other key mid-size tanker load regions such as the US Gulf. 11/mt price in January 2022. Bolstered by high freight rates and strong global demand for oil and oil products, tanker owners are taking advantage of favourable market conditions. Except for a brief increase in tanker rates in October 2019 as a result of U. In some circumstances, rates for certain vessel types are based on theoretical assumptions of premium During the first half of 2024, both markets have seen year-on-year growth in asset prices and time charter rates. The resulting relations from the three studies are integrated in a program for forecasting tanker freight rates. This was a result of the war in Ukraine, shifts in energy flows and increased ton-miles. Rates for clean tankers are also lower. The outlook for both the crude tanker and product tanker sector also remains firmly positive. Like many elements of shipping market dynamics, the — Latest global tanker fixtures — Daily updated independent Worldscale rates and freight assessments — Separate East of Suez, West of Suez and Americas commentaries — Crude deals concluded in the Market-on-Close assessment process — Corresponding Market Data codes and Marine Alert page numbers 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. Consultancy Kpler tallies an all-time high 1. Baltic Clean Tanker index, BCTI : Home Market Data History Cryptocurrency Economic Indicators Interest rates LIBOR World GDP Gold price Dec 30, 2024 15:04:06  Market Overview; Return Ranking; Market Indexes; Asian Indexes; European Indexes; American 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. Of all the analysts, Evercore ISI’s Jon Chappell is the most bearish on 2022 and 2023 tanker . The Black Sea also borders Georgia, Turkey, Bulgaria, and Romania. BIMCO's fleet graphics and 3rd party market reports on dry cargo, tanker, container Dry bulk contracting falls 70% below average amid low rates 11 December 2024; See market rates for your preferred lanes and freight types in real time, or compare them to historical data from the past 13 months to anticipate seasonal trends with ease. that shape transport cost such as port infrastructure, trade . In contrast, mid-size spot tanker rates have remained well supported by a number of factors including strong crude Surging tanker rates close the door on US crude oil shipments to Asia. MR product tanker rates are a mixed bag lately, but all routes appear to be earning more than they were across 2023. Two key systems, Worldscale and AFRA (Average Freight Rate Assessment), provide standardized methods for calculating and comparing these rates. Tanker rates still strong on tight capacity mid-2023 Average tanker earnings in $ per day and crude oil price (Brent) Clarksons, ING Research. relation between scrappage rate and past prevailing freight rates. Read More » tweet 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. Smaller crude tankers have also benefited from war disruptions. Aframax tankers emerged as the strongest performing crude tankers this week as weather delays combined with a shortage in tonnage to drive up rates, according to brokers. ‘Eye-watering’ rates fuel unprecedented boom in small chemical tanker orders, SSY says. Upcoming EU embargo on seaborne crude (Dec 5th) and refined products (Feb 5th) may increase tanker utilization further. DAT TriHaul also provides triangular routing suggestions to Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping Despite the weaker trade fundamentals that have been observed over the past 4 months, tanker freight rates across all segments remain at stubbornly healthy levels. The rate for a Very Large Crude Carrier (VLCC) from the Middle East to China, Japan and Singapore is assessed at just above worldscale 80 on Thursday, according to shipbroking firm Meiwa Earnings, however, remain solid and time charter rates and second-hand ship prices are at their highest levels since the financial crisis of 2008. USD / Day. Its Baltic Clean Tanker Index lost 15 points on Tuesday to fall to 509, near year-to-date lows. Tanker Newsletter. Current Index. Clarksons Securities reported Tuesday that spot rates for eco-design very large crude carriers (VLCCs; tankers that carry 2 million barrels) were $45,600 per day, down 28% month on month. While high freight rates and tight tonnage availability Use our real-time freight calculator to compare rates . The third study explores the relation between tanker availability, tanker demand and freight rates. ” Spot tanker rates for Q1 2023 remain strong. Skip to Article Content carrying capacity have pushed tanker rates to record lows. One of the major suppliers is Ghulam Nabi Water Contractor. Oil tanker rates are soaring globally as traders scramble to cope with jitters over possible disruption in Russian supplies, as well as war risk premiums for ships plying the Mediterranean region Low freight rates are set to continue to weigh on the crude tanker market into 2022, analysts believe, with shipowners unlikely to scrap vessels due to a young fleet, high costs to scrap and buy new ships and optimism that oil demand will continue to recover. View all market analysis. Updated on a monthly basis. Dirty tanker rates have also risen. But the investment bank’s analysts still believe stock valuations are Tanker rates were propelled in 2004 by unexpectedly high demand from booming China, combined with a long-term failure to renew an ageing tanker fleet. The war in Ukraine and its effect on energy flows continues to influence markets. TANKER Handy TANKER MR IMO3 TANKER LR1 TANKER LR2 TANKER Panamax TANKER Aframax TANKER Suezmax TANKER VLCC; Swaps Clean 37 k Clean 38 k Clean 55 k Clean 75 k Dirty 135 k Dirty 80 k Dirty 130 k Dirty 260 k; versus $/day versus $/day versus $/day versus $/day versus $/day versus $/day versus $/day versus $/day; INDEX 7TC Another view of water tankers being filled at the Gulshan-e-Iqbal hydrant. 13. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430 Oil prices and tanker rates 101 . As tanker rates keep rolling, China could have thrown up another hurdle Published 20 November 2024 13:29 GMT Tankers Tanker rates tumble on key route as China cuts crude purchases “VLCCs have borne the brunt of this year’s surprise slowdown in Chinese crude imports,” says a market analyst with reference to very large crude carriers. Clarksons put 10-year-old Suezmax rates at $4,200 per day, down 69% month on month, versus a breakeven of $19,000 per day. Since first appearing in 1965, the ASB has become one of the energy industry’s most authoritative compilations of oil related data, and a key reference tool for analysts, researchers, policymakers and industry experts the world over. These are likely to increase further, and experience more fluctuations Tanker rates edge upwards but uncertainties remain. The average October rate, to date, for a clean long range 1 (LR1)-size tanker on the Arabian Gulf-to-Japan route is down 38% from January. Air Tracking. 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 commentaries — European clean product barge freight rates — Latest market fixtures — Global tanker-sensitive news Following a significant uptick in 2023, tanker newbuild activity is expected to continue to surge in 2024. Clean tanker freight rates for Long Range (LR) 2 and LR1 vessels fell in the third quarter because of competition from dirty tankers, Rohit Radhakrishnan, general manager, tanker and gas, Pacific Carriers, said at the conference on 11 September. of VLCC, Suezmax and Aframax No of tankers >=10k dwt Aframax Crude Tankers Storage Suezmax Tankers Storage UL/VLCC Tankers Storage Tanker >=10K dwt Storage Tanker Rates Soar Alongside War Risk Premiums. Disruption has built on disruption for the tanker markets generally keeping rates at high levels while newbuilding deliveries remain low. Photo: Scorpio. Rates for 135,000mt CPC/Augusta fell 6. Rush for LNG leaves tanker fleet tight, but massive inflow of new capacity is coming The LNG tanker market has drawn quite some attention recently. The Baltic Exchange’s TD3C Index, which reflects rates for VLCCs on the Middle-East-to-Asia route, dropped to so-called Worldscale 39. Read more The Baltic Exchange also saw rates slide. Used Trailer; Premium By Arathy Somasekhar and Muyu Xu. Track your air cargoes by airwaybill number . Q1. Source: 90% of Clarksons (Aframax Global Average) Last Gibson Shipbrokers believes something has to give in the product tanker market as soaring rates are pricing some cargoes out of the market. A weekly report focussing on the tanker market. Spot tanker rates have remained firm during the second quarter of 2024 with continued positive supply and demand fundamentals and increased tonne-miles due to ongoing geopolitical events. 1000 USD. A simultaneous equation relationship exists between tanker freight rates and the length of laycan periods. Such cargoes accounted for 5pc of Odfjell's cargoes in the second half of 2022, compared with only 1pc in Spot rates for hauling crude on the largest vessels from the Middle East to China, a benchmark route, have sunk by a third this year as demand in the top importer slows and OPEC+ delays the Not only has there been no rate spike, but crude tanker spot rates — while still highly profitable — are down double digits since Russian restrictions went into force. Suezmax owners’ earnings have surged by more than 350% on average Product tanker rates are showing signs of strength, and have the potential to crush even the records set in 2022—and the number of oil cargoes transiting through the Bab el-Mandeb Strait is falling. 120,000. January 11, 2024 1:04 AM UTC Updated ago Crude oil storage tanks are seen in Crude tanker rates weakened across the board last week. For up to 5 km, a 6000-litre water tanker will cost Rs 600, an 8000-litre water tanker will cost Rs 700, and a 12,000-litre water tanker will cost Rs 1000. This can be mostly attributed to the weather and geopolitical climate which has fostered two distinct characteristics on the global vessel supply-side: lack of tonnage fluidity and longer voyage Current freight rates in %Ws which are calculated from all dirty spot fixtures for which rates were reported during the month. All rates published in this report do not necessarily reflect actual transactions occurring in the market. Scorpio Tankers secures USD 500m credit with collateral in 26 tankers. pandemic, tanker freight rates recovered in 2022 across various segments, in particular Aframaxes1. 5 points to WS293. Product carrier freight levels have been under pressure as VLCCs and US-Europe rates for 270,000t cargoes were more stable and rangebound between $2. Stocks are falling in heavy volume Looking ahead, we do expect that tanker rates have bottomed out in 2021. This chapter also highlights the structural determinants . See your cargo location on the map in real-time . Rates have been buoyed by disrupted trade flows in the wake of the war, as well as by the rebound in refined-product consumption after COVID restrictions were lifted. 100,000. By Koustav Samanta (Reuters) Oil tanker rates are soaring globally as traders scramble to cope with jitters over possible disruption in Russian supplies, Clarksons Securities predicts product tankers will experience a similar upward trend. Unit. As second-hand prices have increased more than newbuilding prices, the ratio between the price for a five-year-old ship and a With tanker rates across all sectors currently at levels well above long-term averages, it is impressive to note the rally in Suezmax rates over the past three months. rate for the 250 000 dwt tanker is a percentage of the break-even rate for the loaded standard vessel, which carry the cargo from Kharg Island to the Malaysian port. Product tanker rates on MR size started in mid-thirties and ended the month on a high at around $50,000 5. If tanker market is efficient, then all known information about such a market is argued to be captured in its present market price, freight rates or secondhand tanker prices. g. Laycan periods Tanker rates from the Arabian Gulf to Japan, one of the key global tanker routes, spiked in mid-March 2020 and remained elevated through mid-May. , vessel age, hull type, route, and deadweight utilization of the fixture) of individual tanker freight rates; (2) investigate vessel and voyage Clarksons Securities has chopped a significant chunk off its tanker rate forecasts for 2025 in a weaker demand environment. In order to view this page with updated realtime data, LR2 Tanker Spot Rates (10,000)-10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 Q1 Q2 Q3 Q4 Day Source: 90% of Clarksons (LR2 Global Average) Last Updated: April 21, 2023 2021 2022 2023. Tanker rates have softened over the past month, particularly in the VLCC segment due to reduced OPEC output. Lack of rate momentum, concerns over Chinese demand, and a potential pullback in asset prices are making tanker investors skittish. 4% of Tankers Fleet Is Currently Used for Floating Storage Oslo | 4 June 2021 Weekly Tanker Rates | By Jørn Bakkelund, Senior analyst 5 0 100 200 300 400 500 600 0 20 40 60 80 100 120 No. Mr Mackay said the fleet’s near-total spot exposure allowed it to cash in. Features include Poten’s time charter rate assessments for 1, 3 and 5 years including historical data for the previous week, month and year-to-date, as well as the average for the prior year. Understanding freight rates in the oil tanker industry is crucial for shipowners, charterers, oil companies, and traders involved in the global transport of crude oil and refined products. Moody’s added that redirection of oil trade flows had led to higher ton-mile demand for tankers, especially for the aframax and suezmax oil tanker segments, as many European companies look to source crude and oil The continued redrawing of trade routes and rising oil demand as China opens its borders are set to support mid-size tanker rates in 2023. However, mid-size tanker spot rates remain relatively firm, with Russian crude oil exports largely Harry Vafias shipowning venture C3is has logged a bigger profit in the third quarter, thanks to financial gains and stronger tanker rates. Same with raised Chinese product exports quotas forQ4. Market reports. They are also among the factors that taken together might suggest what the future holds for the oil Tanker rates expected to remain elevated. Title: Suexmax Tanker Spot Rates Author: Lisa Egami Created Date: Explore the latest trends and insights in our weekly tanker report as of 27 September 2024. Halkidon Shipping sells LR2. Product tanker spot rates are above $60,000/day, compared to the 2019 average of $19,000/day. Weber. HOUSTON, Feb 6 (Reuters) – U. Ship Schedules. The national diesel price was sitting at $3. Crude tanker rates mount broad surge amid flurry of VLCC fixtures and Atlantic suezmax gains Three key tanker rate assessments see double-digit percentage point gains in a day 11 October 2023 19: Container freight rates oscillated dramatically between January 2023 and November 2024. Includes tanker market commentary, freight rates, topic of the week, news flow, fleet statistics, time charter fixture information, sales and purchase and newbuild information, bunker and oil prices. The Daily Market Rate Snapshot provides a comprehensive assessment of the market at a glance. LR2 and MR rates are included. Analyze trends, all-time highs, historical returns, and more. 05 increase from June 2021 to July 2021. The explanatory power of the age of fleet is also investigated. 34 per gallon, with a $0. Platts assessed dirty West Africa-UK Continent 130,000 freight at $19. 2% increase on the day. Used Trailer; 6 R 803 850 2013 GRW TRI-AXLE 42000L OIL TANKER. Photo: Haris Khan. May 18, 2023. 36m barrels per day booked on vessels heading to Inflation and increasing distances to transport oil arising from sanctions on Russian barrels could contribute to a doubling of freight costs in 2023, Rustin Edwards, head of fuel procurement at tanke Crude tanker rates firmed with VLCC having a strong development and topped at above $100,000 /day, big difference compared to Q1 and Q2. And they are charging Rs5,500 for a 2,000 gallon tanker and Rs11,000 is the rate for the 5,000 gallon water tanker. We left out however, how fluctuations in the price of oil could impact freight rates, and tanker rates in particular. Tanker freight rates and laycan periods vary across shipping routes. It assessed an LR2 sailing from the Middle East to Japan Clarksons Research noted firm tanker market trends, with average clean carrier rates rising 28% week on week to $48,371 per day, amid surging LR tanker markets in Asia. China Import Crude Oil Tanker Freight Index(CTFI) Trade Routes Description: Tons. While both systems serve Oil tanker rates heading to 6 figures? Product tankers have been in the black since earlier this year. 10 per metric ton (mt) in April 2022 from $10. For subscribers. In the run-up to the Russian invasion of Ukraine and subsequent sanctions, tanker rates started to rise rapidly. The sector has already enjoyed an exceptional H1-22, with the first 3 months of the year seeing an average daily rate of $12,000 for a 10-year-old MR vessel without a scrubber. For all the latest of BIMCO's own market analysis on global shipping, including macroeconomics, dry bulk, tanker and container. Their rates were Rs3,300 for a 1,000 gallon bowser last year. Certain estimates may be based on prevailing market conditions. 05 on Dec. 12 R 920 000 2023 Henred Freuhauf HFO TANKER 38 000 L. Rising oil tanker chartering rates due to global shipping disruption are forcing oil shippers to take on longer-term shipping charters, executives said this week at an energy conference in Houston. Tanker rates are building momentum, but a policy change in China could take a toll. Tanker freight rates continued their upward trend in 2023. Greek tanker player Halkidon Shipping has sealed a deal privately, doubling its money offloading the 14-year-old 112,700 dwt, New Times-built LR2 tanker Daily Tanker Market Rate Snapshot. Despite easing since, rates remain relatively high (around $40,000 per day, over double the 10-year average). One-page formatting, along with historical graphs, allow for a quick and easy analysis of the rapidly changing market. Q2. By now very low oil and refined product stocks coupled with recovering Forward Looking Statements. How do we assess LNG shipping and ballast rates? We assess LNG shipping day rates and ballast rates in the Atlantic and Pacific basins for modern vessels. A fluctuation in the price of oil will have not After a fast-paced first half of the year, the air has leaked out of the tanker market in recent quarters, and the many geopolitical uncertainties mean that Jefferies is downgrading its expectations for the freight rates that tanker shipping companies can achieve in 2025, concludes investment bank Jefferies in a new analysis. Ka ¨ ussanos, A. This week's highlights include: Monumental shifts in global tanker flows that followed the Russian invasion of Ukraine led to structural increases in crude and product tanker tonne miles back in 2022 and 2023, significantly impacting tanker rates and earnings. Vessel Type. 23/bl and $2. Tanker ships can be further classified into crude oil tankers and product tankers, which are used to carry crude oil (“dirty” cargoes) and refined petroleum products (“clean” cargoes) respectively. Suezmax tanker rates have jumped to the highest level in seven weeks, pulling up from their summer slump. 2. The tanker market saw continued strength in the first quarter of 2023 due to robust long-haul crude oil exports from Russia to Asia and an increase in Atlantic-to-Pacific oil movements as US crude oil exports reached record highs. S. Crude tanker owners have been bleeding cash for over a year, and the market will have to absorb more new tonnage in 2022 than in 2021. The Freight Rate Index is a general term that refers to an index used to track the average freight rates for various types of shipping, including dry bulk, tanker, and container shipping. Time charter rates have remained near the highs of 2022 and second-hand ship prices have continued to increase. July 14, 2023. Q3. Fifty-nine years on, we are proud that this OPEC product continues to With rising oil prices and the shipping industry increasingly in focus for its use of ‘dirty fuels’, the link between oil prices and tanker rates is a crucial one to understand. Overview . Used Trailer; 7 R 1 081 000 2020 Henred Freuhauf HFO TANKER 38 000 L. Rates on LR2 routes topped $100,000 per day last week as This copy is for your personal, non-commercial use. . The incident occurred 50 km Fuel prices have been steadily increasing over the past year and are a huge variable in knowing how to calculate transportation rates. The high tanker rates in the Black Sea are mainly due to higher insurance risk premiums because the sea borders Ukraine and Russia. Read More » tweet Rates for dirty VLCC-size range tankers and AFRA-size range tankers through October have each averaged 36% lower, respectively, than the full year 2015 average. Tonnage has balanced out somewhat, but the potential for things to tighten as vessels continue to ballast to the US is still there, though it will take a certain increase in activity for pressure on Product tankers have also enjoyed a strong increase in freight rates, as measured by the Baltic Exchange, whereas weakness for both Aframax and Suezmax has kept a lid on the Baltic Exchange index for crude tankers. There are 44 VLCCs and 39 Suezmaxes scheduled for delivery this year, versus 35 VLCCs and 23 April 6, 2023. sanctions on Chinese shipping firm COSCO (China Ocean Shipping Company), the price in mid-March 2020 was the highest since at least 2000. 10/09/2020 Comments Off on Tanker Market Rates 10/09/2020. The segment faced its challenging period in September Dirty tanker rates for Aframax-sized vessels originating in the Black Sea in southeast Europe more than tripled to $32. The rebound is feeding hope that the crude carriers are beginning to move into a seasonal VLCC spot rates have weakened in recent weeks due to a reduction in Middle East crude oil exports. 60,000. Freight rates slumped to their lowest level on the 26th of October 2023, when the going rate for a 40-foot Future tanker prices are driven as much by what we expect to happen to future tanker freight rates and future tanker profitability. Our tanker This week's highlights include: Monumental shifts in global tanker flows that followed the Russian invasion of Ukraine led to structural increases in crude and product tanker tonne miles back in 2022 and 2023, significantly Trusted data for tankers. 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 Welcome to the 59 th edition of the Annual Statistical Bulletin (ASB). These indices provide a benchmark for market participants to assess the current state of the shipping industry and understand fluctuations in freight rates over time. LR1. 140,000. 80,000. Europe-bound ship owners now face a tough choice: Sail through the Red Sea risking an attack on their In its latest weekly report, shipbroker Xclusiv said that “despite ongoing volatility stemming from seasonality and market shifts, freight rates in the tanker market remain healthy, instilling Tanker shipping market plays a vital role in the energy supply chain and is the primary means of global oil transportation [1, 2]. G. But that does not necessarily mean they will recover steadily throughout 2022. facilitation measures, liner shipping connectivity, and bilateral . Meanwhile, “on the clean trade, the TC15, which tracks LR1s loading in the Mediterranean and heading to the Far East, was up a modest 27%, while the Cross Med TC6 was up 109% to $8,369/day and Aframax Tanker Spot Rates-20,000. Ships are ballasting to Asia from almost every corner of [] The latest Houthi attack — on a vessel working for commodities trader Trafigura in the Gulf of Aden — has pushed up fuel tanker rates and diesel prices, with shipping executives and oil market · Red Sea tensions continue to impact shipping as VLCC rates decline while clean tanker rates jump – As the month of January comes to an end, VLCC rates remain soft, even though tensions in the Red Sea have caused clean product tanker rates to surge. Type your search and press Enter. To get your credentials for the first time please go to the subscription section. Traders said that while the main driver for rocketing “clean” tanker rates was the mismatch between supply and demand and the lack of onshore storage, other factors were also at play. 49/bl in November, showing that European demand is an increasingly powerful driver of midsize tanker rates. Weight. Change September crudeand product- -tanker rates were historically firm. To answer Tankers & Gas. Tanker shipping market outlook for H2 2024. 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. Because you are not logged, data on display are delayed by 60 days. This content contains forward-looking statements which reflect the Company’s current views with respect to certain future events and performance, including statements regarding: tanker market fundamentals, including the balance of supply and demand in the tanker market, and spot tanker charter rates. M. TD12 - CONT > USG PANAMAX 55k , Indice, TD14 - SE Asia to EC Australia SUEZMAX 80k, Indice, TD15 - West Africa to China VLCC 260k, Indice, TD17 - Baltic to UK/CONT SUEZMAX 100k, Indice, TD19 - TURK > MED AFRAMAX 80k , Indice, TD1 - AG > USG ULCC 280k, Indice, TD20 - WAFR > UKC SUEZMAX 130k, Indice, TD21 - CARAIBS > USG AFRAMAX 50k , Elevated rates for refined product tankers, which have also hit highs recently, have caused some energy traders to charter chemical tankers for refined product cargoes. 34/mt Jan. 05 last Friday, according to shipbrokers. 3 December 2024 9:35 GMT Updated 3 December 2024 12:12 GMT By Gary Dixon May 30, 2024. Product tankers have also enjoyed a strong increase in freight rates, as measured by the Baltic Exchange, Get the most important developments in the global dirty tanker market including: global freight rates, the latest tanker fixtures, information on proj A daily global picture of the physical 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 Given the supply and demand growth we forecast for 2025, we expect that 2025 freight rates should improve slightly for crude tankers and weaken slightly for product tankers. Find sailing schedules by route or Weekly no of tankers Data Source: Clarkson Research Services 6. How will return of Russian petrol fuel clean tanker rates? Broker BRS says impact is likely to be minimal. By Muyu Xu and Arathy Somasekhar. What moves tanker rates? In previous issues of Making Waves, we took a closer look at freight pricing. Home; Oil Prices; The Baltic Exchange’s TD3C Index, which reflects rates for VLCCs on the Middle-East-to-Asia route, dropped to so-called Worldscale 39. For VLCCs, charterers were able to hold down rates, with Clarksons assessing the Middle East to China route at $27,419 per day, 12% lower Suezmax and aframax tanker rates surged for a second day as enquiry for tonnage to move cargoes in the US Gulf Coast leaped upward. Firm tanker rates in Q2-24 with expectations of continued strength in both the near and medium term. Brokers noted a number of off-market deals agreed during Bahri Week in Dubai and the signs, for the moment, are broadly positive. Fixed Water Tanker Rates in Bangalore 1. Before we dive into the effects of oil price fluctuations on tanker rates, it is important to understand there is an extra layer of complexity in our case. Year-to-date in 2024, both sectors have seen higher time charter rates, second-hand ship prices and newbuilding prices than last year. Tanker freight rates are positively related to the length of the laycan period. Crude tanker spot rates are north of $200,000/day, compared to the 2019 average of $40,000/day. The product tanker market has also enjoyed a higher Baltic Exchange Clean Tanker Index (BCTI) while the Baltic Exchange Dirty Tanker Index Soaring tanker rates are weighing on the oil market as the earnings on the benchmark key crude oil trading route hit $100,000 per day. Tanker Chartering and Freight Rates - 2021 - Oil and Energy Trends - Wiley Online Library Peers & indexes; Baltic Exchange Clean Tanker Index: Baltic Exchange Dirty Tanker Index Teekay Tankers chief executive Kevin Mackay said, “While the midsize tanker market in Q3 was among the strongest in recent years, rates in Q4 2022 surged to among the highest rates ever recorded. Q4. Key Baltic Exchange indicators for spot earnings in the segments Rates on dirty tanker routes shown in $/bl Rates on clean tanker routes shown in $/t Weight of Freight is the share of freight in the delivered cost of a commodity Med crudes still head east via the Red Sea Aframax rates face support from SE Asian crude tenders US Gulf VLCC bookings at nine-month low in February Suezmax tankers followed a similar pattern, reaching their peak even earlier than VLCCs with TCE rates hitting $67,219/day on 17th Jan. The Nasdaq-listed bulker and aframax tanker owner said Get detailed information on the Baltic Dirty Tanker including charts, technical analysis, components and more. 44 (a round-trip TCE of $153,600 per day) while the 130,000mt Nigeria/Rotterdam voyage shed another 10 points to WS170 (a daily round-trip FREIGHT - TANKER CLEAN $/mT RATES. 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. Product tanker rates some of the highest in three decades Record levels of US crude exports into Europe are driving up tanker rates, brokers and analysts say. The fourth Russian tanker this week broke down near the Kuril Islands (Dec 18 2024) The tanker "Mercury," with a crew of 19 people, lost power in the Pacific Ocean due to a main engine failure. 10, Explore Baltic Clean Tanker historical data, featuring daily prices, open, high, low, volume, and changes. Tanker Chartering and Freight Rates - 2023 - Oil and Energy Trends - Wiley Online Library Rates in the North Sea look likely to remain in a sideways trend for the time being with the majority of volume for the rest of December being covered on relets and Suezmax. Although mid-size tanker rates have come off the highs of Q1-23 they remain very firm on a historical basis supported by In Spring 2024, the same VLCC hires had briefly touched on $90k/day (coincidentally working back to Worldscale rates around “92”) at a time when oil prices were $90/bbl—basis Brent, and Clean tanker rates are set for a rebound as crude tankers are lured back to their own markets by rising earnings this winter. trade imbalances. Mid-size tanker spot rates remain firm, though volatile, while positive long-term supply fundamentals remain intact. The rise in rates in the Gulf Coast trade helped lift average Atlantic earnings for MR product tankers to a two-month high of nearly $33,700 per day — a 17. Freight rates, Tanker rates remain profitable but the freight market is not as strong as investors had expected. crude oil exports to Asia tumbled to 1 million barrels per day in January, the lowest in over two years as high freight rates Clean tanker rates across Asia-Pacific reached multiyear highs June 16, and a record for some routes, as strong demand to lift naphtha cargoes from the Persian Gulf and deliver distillates to Africa and Australia drove up the daily earnings of owners, despite rising bunker prices. 40,000. The Poten Clean Market Summary provides specialized data and analysis of the clean tanker market. 20 December 2024 13:54 GMT Updated 20 December 2024 15:24 GMT He trimmed his full-year 2022 rate forecast for non-eco LR2s (tankers with capacity of 80,000-119,999 deadweight tons or DWT) by 5% to $18,000 per day and reduced his estimate for smaller non-eco MRs (25,000-54,999 DWT) by 3% to $14,000. Evercore ISI. The incident occurred 50 km northeast of the island of Simushir, part of the Kuril Islands chain, according to the Ministry of Emergency Sit Tanker demand and freight rates are usually a reliable metric of oil demand patterns and trends. At the same time, from the beginning of 2023, “the demand for vintage tankers is quite significant, boosting the prices of most 15-year-old vessels at higher levels than market’s expectations. The rates replace the old practice of assuming round-trip economics at 100% of Day Rates for all voyages. Stay informed with the latest news, analysis, and insight impacting the crude, LNG, and LPG sectors through our expert coverage 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. 0% of Tankers Fleet Is Currently Used for Floating Storage Oslo | 29 January 2021 Weekly Tanker Rates | By Jørn Bakkelund, Senior analyst 6 0 100 200 300 400 500 600 0 20 40 60 80 100 120 x t Aframax Crude Tankers Storage Suezmax Tankers Storage UL/VLCC Tankers Storage Tanker >=10K Freight rates of single-hull tankers are at a discount versus those for double-hull tankers. Hope for VLCCs and aframaxes as tanker rates volatile Largest crude tankers could make some gains to close out 2024. Current freight rates in %Ws which are calculated from all dirty spot fixtures for which rates were reported during the month. addq ubivvsc sowc wxjbxy dqxq orun roqmjb pah elwj fqbitp