Dirty Suezmax Wafr/UKC - 130,000 6 months Clean LR2 MEG/Jap - 75,000. The oil tanker is owned by the by the Greek company […] Read More » Yakumosan. The oil tanker is owned by the by the Greek company […], The very large crude carrier Yakumosan was built in 2008 by IHI Marine United in their Jmu Kure Shipyard in Japan. Clean LR1 MEG/Jap - 55,000. 6 months Dirty Aframax UKC/UKC - 80,000. The vessel was built in 2004 by Hyundai Heavy Industries in their shipyard in Ulsan, South Korea. Freight rates for VLCCs on the benchmark 270,000 mt USGC-China run have been below lump sum $5 million since the beginning of September, with the majority of market participants looking towards a potential uptick in freight not until Q2 or Q3 of 2021. Daily dry bulk fixtures and a historical database of transactions. However, as many time charter agreements draw to a close, some charterers are hesitant to take out ships on period charter and stay in the spot market environment, sources have said. Related: Crude tanker spot rates face negative impact in late-2020 and into 2021 In addition to the weakness in crude oil trade, the likely decline in long haul exports from the US to … Name Type Flag Built Owned Interest Spot/ TC DWT* Draft Length** Shipyard; 1: Aegean: VLCC BE: 2016: Yes 100%: SPOT 299,999: 21.62: 332.97: Hyundai: 2 Rates on this voyage were assessed at Worldscale 40 or $14.41/mt on June 23, the … Find out more. The tanker was built in 2003 by Daewoo Shipbuilding & Marine Engineering in their Okpo-Dong shipyard in South Korea. 270,000mt Middle East … Bahri chartered at least 15 VLCCs in four days, leading to panicked traders securing a further 41 of the largest tankers, sending rates to stratospheric levels. They may be found operating in routes where limited port facilities would normally dictate the use of much smaller ships, or loading from ports where the great majority of crude oil exports could be lifted by the much larger VLCC… Additionally, the return of Libyan crude production is expected to prompt less interest in European buying of US-origin crudes. “People were booking at rates way too far from the actual physical markets and it’s just unrealistic.” Clarksons Platou Securities estimated that the average VLCC rate had risen to $98,400 per day as of Friday, Oct. 4, up 74% week-on-week and up 239% month-on-month. The very large crude carrier Yakumosan was built in 2008 by IHI Marine United in their Jmu Kure Shipyard in Japan. The vessel has overall length of 333.00 m and length between perpendiculars of 324.00 m, while the moulded beam is 60.00 m and depth is 29.10 m. The maximum summer draft of the crude […]. The report dated 27 th November 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.. VLCC. Clean MR Sing/Jap - 38,000. Bullish mid-2021 freight projections have centered on the hopes of a widespread COVID-19 vaccine deployment to bring a return in oil demand, boosting crude production and waterborne flows to refineries. Spot rates in the Middle East Gulf have increased dynamically on Thursday and Friday after two tankers were attacked in the Gulf of Oman. Time charter rates for tanker ships have also fallen. This report is based solely on publicly … Yet another vessel has been attacked in the Middle East region – this time, an Iranian tanker in … Rates climbed slightly. A voyage of 280,000mt to USG via the Cape/Cape routing remains assessed at a shade above WS17. By continuing to use this site, you agree to our use of cookies. Market analysis; Macro; Tanker; Spot freight rates for a Very Large Crude Carrier (VLCC), carrying 2 million barrels of oil, between the Arabian Gulf and China reached USD … Greg Miller, Senior Editor Follow on Twitter Friday, October 11, 2019 Last Updated: Thursday, April 2, 2020. As panel brokers for all of the major oil companies and traders in the United States and many overseas our dedicated multi-national team of experienced brokers and operations managers utilise the latest technology, exercise the highest ethical standards and the … More; Global Directory. The vessel has overall length of 333.00 m and length between perpendiculars of 324.00 m, while the moulded beam is 60.00 m, the depth is … 30/12/2020. Ein Tanker ist ein zum Transport flüssiger oder gasförmiger Stoffe konstruiertes Schiff. In the Atlantic, rates … SINGAPORE (REUTERS) - Tanker rates to ship oil in very large crude carriers (VLCCs) are surging as oil traders hunt for ships to store cheap oil in … Concerns around tension in the region pushed FFAs and spot rates much higher, with a VLCC now getting paid more than USD 15,000 per day to carry crude oil from Middle East Gulf to China, much higher than the USD 11,000 per … Tanker charter rates for VLCC's moved lower this week and there was no change in rates for the other size groups - mostly below operating costs. Some market participants, however, believe the recent surge in activity will not be enough to bolster rates. 6 months Clean MR UKC/USAC - 37,000. Day rates for LR1 tankers, which can carry between 345,000 barrels and 615,000 barrels of petrol, have also doubled, hitting almost $112,000. The freight rate of a tanker charter party is specified in one of four ways: by a lump sum rate, by rate per ton, by a time charter equivalent ... As discussed above, a VLCC tanker can carry 2 million barrels (320,000 m 3) of crude oil. usd/day crude tanker spot rates vlcc: td3c: 2021-01-20: usd-pd suezmax: td20: 4,278: 2021-01-20: usd-pd aframax: td19: 2021-01-20: usd-pd aframax A view from the Iranian tanker Sabiti on the day of the attack The tanker market is on fire – literally. There were reports of several individual charter deals exceeding $100,000 per day. There are so far six ships slated to load in January. A similar decline has occurred for LR2s, which, on 28 August, stood at USD 20,500 per day, down from USD 40,000 in late April. VLCC tanker earnings are now assessed at the highest levels since the Iraqi tanker wars in the 1980s, after a week-long chartering spree by Saudi Arabian shipping company Bahri. However, dry cargo rates remained firm with Capesize fixtures continuing to lead the way and bulk carriers’ sales have not slowed down. in this sector. Independent market information for the dry, tanker, gas and asset markets. Find out more. Fixtures to Asia are rising. VLCC. There were seven fixtures reported for VLCCs loading in the USGC with Asian destinations in November, compared to 16 fixtures set to load over the course of December, according to Platts fixture logs. Attack on Iranian tanker stokes blazing VLCC rates. VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between 13 June 2019 and 20 June 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz. Total VLCC fleet capacity growth is expected to increase by only 2.7%, down from the 4.7% projection for 2020, Platts Analytics data shows. In this spill, the ship ran aground and dumped 10,800,000 US … 6 months Derivatives Data. VLCC rates on the benchmark TD3 route from the Arabian Gulf to China, were assessed at $27,300 a day four weeks ago. As a result these dynamics, VLCC availability has been rising and tanker rates have plummeted. Dirty VLCC MEG/Jap - 260,000. Freight rates for US Gulf Coast loading VLCCs and Suezmaxes are expected to remain low until the second or third quarter of 2021, as the coronavirus pandemic continues to hamper tanker … The vintage Cape M/V "OCEAN COMPASS" (180,200 DWT/Built 2006 at Imabari, Japan - SS/DD … At the height of the oil price war, a one-year time charter for a VLCC would cost USD 80,000 per day; by 28 August, this had fallen to USD 36,000. VLCC rates plummet. The vessel has overall length of 333.00 m and length between perpendiculars of 324.00 m, while the moulded beam is 60.00 m, the depth is 29.00 m and the maximum draft is 19.20 m. […], Acorc is very large crude carrier (VLCC), which is operated by the South Korean shipowner Sinokor Merchant Marine since 2014. Day rates for the large VLCC tankers have now surpassed USD 120,000 per day and stand at the highest level since 2015. Dirty Aframax MEG-East - 80,000. The cost of Houston 0.5%S marine fuel has averaged $390/mt delivered so far in December, up 15% from November, according to Platts data. Lower bunker prices have kept shipowner earnings afloat in a low freight environment, but bunker prices are rising again. This trend can be best illustrated by looking at the VLCC market, which is the main tanker segment holding storage barrels. Tankers: VLCC Market Shows Slight Improvement . VLCC rates have been rising sharply since the US imposed sanctions on units of Cosco Shipping. Floating storage economics have returned to unfavorable levels and are expected to remain so as the global crude market continues to shift further out of contango. The Baltic Briefing has issued the tanker report for the 48 th week of this year. Source: Platts, US Gulf Coast-loading VLCC rates expected to pick up by Q3, Online Daily Newspaper on Hellenic and International Shipping, This site uses cookies to enhance your user experience. The ship is implementing the most modern engineering and marine technologies, but also being profitable and highly effective for transportation of crude oil. VLCCs account for 66% of business on the USGC-China voyage and Suemaxes 26%, the report said. Details Published: 19 October 2020 . Ein Zwei-Hüllen-Tanker ist ein Transportschiff zum Transport flüssiger Güter, das eine doppelte Außenhülle aufweist. Genmar Vision has overall length of 333.50 m, while the […], The very large crude carrier Leonidas was built in 2009 by Hyundai Heavy Industries in the shipyard in Ulsan, South Korea. Freight rates for very large crude-oil carriers (VLCC) along the Middle East Gulf to China route were assessed at about $180,000 a day on Monday, … of low rates, tankers do not operate in precisely defined markets from which all other sizes are excluded. Typische Transportgüter sind Rohöl, Öl als Fertigprodukt, Kraftstoff, Flüssiggas, Wasser, Saft. On Friday, ExxonMobil chartered in the 299,946 dwt 2017-built Ardeche from Euronav for 325 points on the Worldscale, equating to a $298,208 time charter equivalent rate per day, excluding idle days, for 29.08 days, for a Middle East Gulf-Singapore route. Read more: Cosco Shipping units hit by US sanctions, tanker rates spike. As of September 4th, Poten & Partners quoted the dirty tanker rate for VLCC, 270 at … However, 270,000mt to China now stands at just shy of WS30, up three points from a week ago. Expectations that the incoming Joe Biden administration could be more favorable to trade between the US and China could bring US crude exports to China to just over 1 million b/d in 2021, according to a Dec. 10 Alphatanker report. Join the Baltic Exchange. A slight improvement was seen this week on certain routes . The big VLCC ships are now sailing at rates in excess of USD 120,000 per day – equivalent to the highest tanker market day rates since 2015. Uncertainty in the European refining sector and a second wave of lockdowns in the region have market participants expecting limited demand for Suezmaxes and smaller dirty tankers in the short term — ships that typically make trans-Atlantic voyages. Heavy Chinese buying created major port delays along the Chinese coast, which lent support to rates along with a significant number of tankers tied up in floating storage, delaying a build in available tonnage for the spot market. Charles R. Weber Company, Inc. is one of the foremost spot and period tanker chartering brokers in the world. VLCC rates for Oct. 7 were estimated to be $105,300 per day. The overall […], The oil tanker TI Europe is the world’s largest crude carrier by gross tonnage and capacity. Read More. Find the right … Baltic data underpins a flourishing freight derivatives market. This is particularly the case for medium - sized tankers. Utilisation for VLCC tankers dropped to 44% as of August 18, as a combination of dwindling cargo availability and thinning liquidity in the tanker market applied downwards pressure on demand for tonnage. Specifically, VLCC vessels operate for rates … Freight Derivatives. There was a total of 864,000 b/d of US crude shipped to China and South Korea in October 2020, almost 30% of total US crude exports during the month, according to US Census Bureau data. This is about eight times the amount spilled in the widely known Exxon Valdez incident. Posted on January 23, 2017 | By mstanley. Find out more. 2,474 3 minutes read. Photo: PR/Euronav. Freight rates for US Gulf Coast loading VLCCs and Suezmaxes are expected to remain low until the second or third quarter of 2021, as the coronavirus pandemic continues to hamper tanker demand. News All News. BY DANIEL LOGAN. Increased Northeast Asian demand is providing a glimmer of upside for the Americas VLCC and Suezmax markets, as an uptick in long-haul voyages east could further boost ton-mile demand. “China is taking a lot of crude right now but in reality there are still so many refineries that are shut,” a charterer said. The crude carrier was built according to the latest IMO standards for safety and environmental operations. The vessel has overall length of 380.00 m, moulded beam of 68.00 m and depth of 34.00 m. The ultra […], The very large crude carrier (VLCC) Hakusan was built in 2011 by Mitsubishi Heavy Industries in their shipyard in Nagasaki, Japan. Fixtures. “Charterers are going to keep from engaging in the term charter market,” a charterer said. There were approximately 96 VLCCs and 24 Suezmaxes still employed in floating storage globally at the end of November, according to S&P Global Platts Analytics. Global oil demand is expected to rise by 6.3 million b/d in 2021, after falling 8.7 million b/d in 2020, according to S&P Global Platts Analytics. in International Shipping News Freight rates for a West Africa-East voyage, carrying a 260,000 mt cargo, crashed to an 11-month low this week, according to S&P Global Platts data. Many shipowners are going to see better-than-expected end-of-year results, saved by long-term charters fixed when freight rates were higher. The vessel is implementing the modern equipment and high efficiency propulsion system, which makes it profitable and flexible for operations. UL/VLCC Tankers Storage Tanker >=10K dwt Storage (RH Axis) ... Weekly Tanker Rates | By Jørn Bakkelund, Senior analyst 13 This report (including any future rates and/or forward-looking statements contained herein) are prepared by Clarksons Platou AS for general information purposes and for the recipient’sinternal use only. Cleaves cuts VLCC asset value estimate for second time in two weeks But Norwegian investment bank says charter rates have ‘held up remarkably well’ in the third quarter . Published: 09.10.19 at 14:51. Genmar Vision is modern and high effective very large crude carrier, which was 2001 by Hyundai Heavy Industries in their shipyard in Ulsan, South Korea. Tanker Worldscale Rate. However, with the bunker prices rising about $25/mt, the net result is lower earnings for owners and a deepening of the chasm … VLCC The introduction of the new higher 2020 Worldscale (WS) flat rates saw rates adjust downwards, accordingly with the market. 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