Oil tanker spot market rates
20 Feb 2019 The tanker market has made the most of a solid and much needed boost Oil product tankers were only seeing profitable spot freight rates in 18 Jun 2019 Spot rates in the Middle East Gulf have increased dynamically on other loading areas to avoid the risk of another attack against oil tankers. and indemnity) clubs, as the market expects additional war risk premiums. 7 Feb 2019 Tanker spot rates will continue to decline in the first half of the year because of oil supply cuts and fleet growth, according to Jonathan Chappell, incoming cash through freight rates. The shipping market uncertainty and deteriorating of freight rates can contribute to difficult financial position to oil tanker However, most of the studies on the tanker freight rate market are short-term Crude oil. Maritime transportation. Aframax tanker shipping. Wavelet analysis Their results illustrated that spot rates for larger vessels exhibited higher seasonal 3 Aug 2018 Weekly Tanker Report | Worldscale Flat Rates Weekly Tanker Market Report The upward trend in oil prices has continued since last year, with corresponding decline in WS spot rates, without any effect on actual $/tonne
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. Suezmax owners’ earnings have surged by more than 350% on average worldwide since the beginning of September.
Argus Direct · Argus Metals · Argus Spot Ticker 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 Our editors and experts share insights and analyses about energy and commodity markets worldwide. the spot market, to have any impact on freight rates. The tonnage controlled by the oil companies, having been well below their average needs, did not appear in 20 Dec 2019 CS: Yes, I think the best way to describe it is the spot rates have, you know, sort of took the lead of the crude oil market a month ago or so. Dirty tanker spot market rate assessments; Clean tanker spot market assessments; Bunker prices for 380 CST and MDO; Crude oil and product prices. o Chemical Tankers: Strong revival in spot earnings was driven mainly by a weak and high freight rates in the markets for Clean Petroleum. Products. Outlook 29 Oct 2019 Tanker giant on course to reap rewards of freight rate spike Oil supply outages caused by attacks on Saudi Arabian oil facilities. Euronav's Suezmax fleet trading on the spot market has earned about US$27,300 per day
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. Suezmax owners’ earnings have surged by more than 350% on average worldwide since the beginning of September.
Teekay has developed from a regional shipping company into one of the world’s largest marine energy transportation, storage & production companies. Global shipping prices, market and other tanker information. Visit to learn more about our pricing and industry coverage of the bunker and marine industry. Tanker report – Week 34. Rates in the Middle East Gulf continued an upward trajectory, with 270,000mt to China at WS 66, up about five points and 280,000mt to the US Gulf, basis Cape/Cape, rated at WS 30, an increase of three points. Tanker report – Week 37. VLCC. Middle East Gulf rates recovered slightly with 280,000mt to US Gulf, basis Cape to Cape now being rated up a point at WS 26/27 level. 270,000mt to China picked up about three to four points to WS 53.5/54 region. Rates for 260,000mt West Africa to China rose about five points to WS 57.5. 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 day it would earn two days before the incident. Oil Petrochemicals Shipping Thank you for registering Get the most important developments in the global dirty tanker market including: global freight rates, the latest tanker fixtures, information on proj Learn More.
Spot freight rates for a Very Large Crude Carrier (VLCC), carrying 2 million barrels of oil, between the Arabian Gulf and China reached USD 25,994 per day on 20 June, their highest level since March and significantly above the May average of USD 9,979 per day.
oil and product tanker markets enjoyed strong freight rates throughout 2015, mainly triggered by a surge in seaborne oil trade and supported by a low supply of crude tanker fleet capacity. contrast, Far East–Mediterranean spot rates fell by. 31 Oct 2018 TOKYO -- After a prolonged slump, spot freight rates for crude oil tankers The oil tanker market had been in the doldrums for nearly a year, 20 Feb 2019 The tanker market has made the most of a solid and much needed boost Oil product tankers were only seeing profitable spot freight rates in
o Chemical Tankers: Strong revival in spot earnings was driven mainly by a weak and high freight rates in the markets for Clean Petroleum. Products. Outlook
Chartering a tanker for the route between the Middle East and China is even more costly, reaching $105,000 a day on Wednesday after Bahri, the shipping arm of state oil company Saudi Aramco, made Teekay has developed from a regional shipping company into one of the world’s largest marine energy transportation, storage & production companies. Global shipping prices, market and other tanker information. Visit to learn more about our pricing and industry coverage of the bunker and marine industry. Tanker report – Week 34. Rates in the Middle East Gulf continued an upward trajectory, with 270,000mt to China at WS 66, up about five points and 280,000mt to the US Gulf, basis Cape/Cape, rated at WS 30, an increase of three points. Tanker report – Week 37. VLCC. Middle East Gulf rates recovered slightly with 280,000mt to US Gulf, basis Cape to Cape now being rated up a point at WS 26/27 level. 270,000mt to China picked up about three to four points to WS 53.5/54 region. Rates for 260,000mt West Africa to China rose about five points to WS 57.5. 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 day it would earn two days before the incident. Oil Petrochemicals Shipping Thank you for registering Get the most important developments in the global dirty tanker market including: global freight rates, the latest tanker fixtures, information on proj Learn More.
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 day it would earn two days before the incident. Oil Petrochemicals Shipping Thank you for registering Get the most important developments in the global dirty tanker market including: global freight rates, the latest tanker fixtures, information on proj Learn More. NEW YORK (MarketWatch) -- Jefferies & Co. analysts downgraded shares of five oil tanker shippers Monday, predicting that charter rates on the spot market to move petroleum will decline in 2006 and Spot freight rates for a Very Large Crude Carrier (VLCC), carrying 2 million barrels of oil, between the Arabian Gulf and China reached USD 25,994 per day on 20 June, their highest level since March and significantly above the May average of USD 9,979 per day. Spot Market Review and Outlook Segment Feb’18 Mar’18 Spot Rates ($/day) March Review April Outlook Source: 90% Clarksons VLCC 5,100 5,600 VLCC rates struggled at the start of the month as rates found a new bottom. However, rates started to find some relief toward the end of March as refineries in Asia came out of maintenance. By That means the cost of shipping oil to the U.S. has almost doubled to $2 a barrel and surged to $1.50 barrel for crude going to Asia from the Middle East - rates at their highest in two years. Tanker brokers now expect rates to plateau out a little below current levels over the summer 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. Suezmax owners’ earnings have surged by more than 350% on average worldwide since the beginning of September.