Anyone who has been to a shipping finance conference in the past two years knows just how important IMO 2020 upside is to the tanker industry investment thesis. Dirty Suezmax Wafr/UKC - 130,000 6 months Clean LR2 MEG/Jap - 75,000. Global Crude Tanker (VLCC, Suezmax and Aframax) Market Insights & Forecast Report 2020 with Potential Impact of COVID-19 - ResearchAndMarkets.com Read full article September 30, 2020… 04 November 2019 ShipInsight. Weekly Tanker Report – Week 29, 2020. The report dated 09 th October 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.. VLCC. 09 Nov 2020; Analysis; Michelle Wiese Bockmann @Michellewb_ michelle.bockmann@informa.com. Mfame Editor - July 21, 2020. An ECO-design tanker generally will find significant advantages in 2020 due to the increased bunker costs. Short-term spot tanker rates may be expected to be volatile. Suezmax is up 114% and 359% over the same respective time periods. Tankers. When there is scarcity of ships, rates tend to go up. Third Quarter of 2020 Compared to Second Quarter of 2020. Shipping analyst Poten & Partners see the impending 2020 sulphur cap driving tanker charter rates as owners are forced to use MGO. Another week of mostly static rates. Oil tanker rates are crashing as a pact to limit global crude production begins. 2021 has kicked off with a whisper, with reduced Middle East Gulf volumes and a tonnage build up. Share on Facebook. 6 months Clean MR UKC/USAC - 37,000. 6 months Dirty Aframax UKC/UKC - 80,000. Share via. She was anchored at Bakirkoy anchorage at around 1000 UTC Apr 12. Large tanker owners could see a ‘green bonus’ next year from higher charter rates as vessels are withdrawn from the market to have scrubbers fitted ahead of the International Maritime Organization’s 0.5% cap on sulphur emissions from January 2020.. Spot rate forecast for key crude tanker routes; Period rate forecast for Panamax, Aframax, Suezmax and VLCC; Asset price forecast for representative crude tanker ; An assessment of industry profitability; All quarterly report updates are accompanied by tables and charts in MS Excel format. A Suezmax tanker is designed to carry 1 million barrels of crude oil and is generally booked on long-haul voyages; an Aframax can carry 750,000 barrels and does more local trips. Find the right specialists from across the world. Jan 19 . Tanker was taken under control by tugs, turned around and towed or escorted, back to Marmara sea. 3 Bunker Traders in Demand as Job Market Remains Buoyant into 2021 "I would say 2020 has been our … The Baltic Briefing has issued the tanker report for the 29 th week of this year. Crude tanker investor pitch. ... IMO 2020 and the unique market dynamics of 2020 has seen it take some time to pin down what a useful crude / VLSFO model will be going forwards. Suezmax rates lull ‘short-term’ says Nordic American Tankers Owner of fleet of 25 suezmaxes says company is ‘on its way upwards’. Suezmax crude oil tanker MILITOS suffered engine failure in southern Bosphorus in the morning Apr 12, shortly after commencing northbound Bosphorus transit, in ballast. ‘Influx’ of tankers from floating storage pressure spot rates 11 June 2020 Vortexa data shows the VLCC, suezmax and aframax capacities used to store oil have been decreasing since end-May Tanker Worldscale Rate. Aframax earnings are next expected to fall, in line with larger sizes. Credit: Igor Malushko. This Forecaster annual Subscription package now includes FREE Monthly Supplements. Ships in dry dock. A Suezmax tanker currently under construction has won the world's first 'ammonia-ready' designation from a classification society. Tweet on Twitter. In August 2020, completed refinancing of four Suezmax tankers with a new 3-year, $67 million term loan; Teekay Tankers now has no debt maturities until 2023. The tanker size was benefiting from higher VLCC rates as charterers split cargoes to secure cheaper freight, boosting demand. At USD 11,949 per day, Suezmax earnings are also around USD 8,000 … Clean LR1 MEG/Jap - 55,000. Dirty Aframax MEG-East - 80,000. Fuels & Lubricants. Dirty VLCC MEG/Jap - 260,000. When there are too many ships in an area, rates tend to go down. currently see 21 conventional Suezmax tankers scheduled for delivery in 2021 and 8 in 2022. The lack of available VLCC’s has also seen an unusual increase in the number of Suezmax tankers sailing to China with as many as 10 such tankers booked in the past few days, the broker sources said. 6 months Derivatives Data. If high rates last in the tanker market, they will eventually flow through to tanker owners' bottom line. In terms of the number of ships, the market gained 25 VLCCs, 21 Suezmax and 15 Aframax, while one Aframax and three VLCCs left. Global Crude Tanker (VLCC, Suezmax and Aframax) Market Insights & Forecast Report 2020 with Potential Impact of COVID-19 - ResearchAndMarkets.com September 30, 2020 07:41 AM Eastern Daylight Time On 28 August, Very Large Crude Carrier (VLCC) earnings averaged USD 16,949 per day, indicating a loss of around USD 7,000 every day. An ECO-tanker is projected to average US$17,300/day and US$33,000/day on the TD20 round-trip trade over this same period. Teekay Tankers’ Fleet The following table summarizes the Company’s fleet as of May 18, 2020: Owned and Leased Chartered-in Vessels Total Vessels Fixed-rate: Suezmax Tankers 10 — … More; Global Directory. Both scrubber-fitted, 158,000 dwt, tankers secured contracts in July 2020, with a three-year charter each. For a non-ECO Suezmax, McQuilling Services projections for spot market earnings over these years is US$10,800/day and US$27,300/day, respectively. Don’t bet on the rout enduring. Average spot rates have not been above Nordic American’s daily … 3.11 Global Scrapping Forecast of Crude Tanker Vessels 3.12 Global Crude Tanker Fleet Size 3.13 Global Crude Tanker Spot Rates 3.13.1 Global VLCC Spot Rate 3.13.2 Global VLCC Spot Rate Forecast 3.13.3 Global Suezmax Spot Rate 3.13.4 Global Suezmax Spot Rate Forecast 3.13.5 Global Aframax Spot Rate 3.13.6 Global Aframax Spot Rate Forecast VLCC. Secured strong first quarter of 2020 to-date spot tanker rates of $51,700 per day and $38,600 per day for Teekay Tankers’ Suezmax and Aframax fleet, up from $39,100 per day and $33,000 per day, respectively, in the fourth quarter of 2019. Already, tanker freight rates have fallen from the highs they reached when the market peaked in April, with all crude oil tankers seeing earnings beneath their daily break-even levels. 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 You cannot be too rigid in your fleet analysis, as these ships can shift between dirty and clean cargoes, depending on market conditions. By. Earnings on key trade routes plunged to 11-year low in the third quarter of the year . The Baltic Briefing has issued the tanker report for the 41 st week of this year. The report dated 17 th July 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities. As of April 2020, there were 810 very large crude carriers (VLCCs) worldwide. It closed at $2.91/sh on November 6, off about 41% for the year-to-date. Suezmax rates are also down 46% over two days, reaching $70,951 per day on March 19, Baltic Exchange data show. 16 October 2020 12:50 GMT Updated 19 October 2020 7:34 GMT By Gary Dixon Analysts are advising owners of suezmax and aframaxes to drastically reduce vessel speed to counteract dire rates. The supply of tanker tonnage is inelastic in the short-term. Rates have gone from weakness to weakness, and for the first time in years we have seen fixtures concluded yielding negative returns – in other words owners paying for the privilege – and risk – to carry crude oil from A to B. Clean MR Sing/Jap - 38,000. Rates in this sector fell back slightly. Freight rates are expected to rise significantly on the back of tighter tonnage supply, increased slow steaming and stronger demand for oil shipments following the implementation of International Maritime Organization (IMO) 2020 regulations, according to speakers at the Association of Shipbrokers and Agents Cargo Conference in Miami today. 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