Weekly Tanker Market Report

- Apr 11, 2018-

Super Large Oil Tanker

 

After two short working weeks, the freight rates began to be under downward pressure. Based on the volume of 270,000 tons, the freight rates from the Middle East Gulf region to China fell by 1-1.5 points to around 45/45.5 GB. . SK reportedly rented ships to use in voyages to South Korea. The freight rate is approximately GB 42. On the route to the west, a similar story happened. The P66 rented ships to transport 280,000 tons of cargo to the US Gulf. The freight rate is 20, and both come and go through the Cape of Good Hope. From West Africa to China, the freight rate is stable at around 45 GB, based on a cargo volume of 260,000 tons. Occidental rented the vessel for voyages from the US Gulf to Singapore at a cost of $3.3 million.

 

Suez Ultimate Oil Tanker glenflange

In the calm week, based on the volume of 130,000 tons, the freight rate was about 55 GB, from West Africa to the UK-Europe region, while the freight rate of the Black Sea market was about 77.5 GB, based on the volume of 135,000 tons. In the Mediterranean, the freight from Algeria to Singapore is US$2 million. From Es Sider to Ningbo, the freight is 2.5 million US dollars, and from the Sidi Kerir to Canaport route, the transaction price is the national standard 53.57, based on the volume of 135,000 tons.

 

Aframax Ultimate Oil Tanker

In the north, both ice-class ships and non-ice-class ships are abundant, so see the decline in freight rates. Based on the volume of 100,000 tons, the freight rate in the Baltic Sea region fell slightly from the national standard 70 to the national standard of 67.5. Although there are reports that there may be transactions with the national standard 65, it is awaiting final confirmation. Based on the volume of 80,000 tons, across the North Sea market, the freight rate is stable at the national standard 90. Based on the volume of 80,000 tons, across the Mediterranean market, the freight rate is about 75 to slightly below the national standard 80. There is even a deal from the Black Sea to the Mediterranean Sea. The freight rate is 75 GB, although the final price is still about 80 GB. Based on the volume of 70,000 tons, on the north of the Caribbean, the freight rate is stable at around 95 GB. pipe fittings

 

Panamax Tanker

Based on the volume of 55,000 tons, the freight rate is still under pressure from the Amsterdam/Rotterdam/Antwerp or Skikda to the US Gulf region, and the market price is around 100 GB.

 

Finished oil tanker welding overlay

In the LR2 market, based on the volume of 75,000 tons, from the Middle East Gulf to Japan, the freight rate has dropped by 5-7.5 points, and now it is back to slightly below the national standard 100. In the LR1 market, the freight rate began to decline from before Easter, and fell from the previous national standard of 117.5/120 to now close to the national standard of 112.5. In a brief week, based on a volume of 37,000 tons, from Europe to the Atlantic coast of the United States, the freight rate fell to the national standard of 107.5, and it was reported that there were transactions with the national standard 105. Based on the volume of 38,000 tons, the freight rate on the transatlantic route dropped by about 15 points to slightly higher than the national standard 80.