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Spot market rates for suezmax tankers

Spot market rates for suezmax tankers

22 Oct 2019 The factors affecting the global VLCC market also extend into other vessel classes. Looking at clean tankers, COSCO's sizeable LR1 fleet caused rates for that size First, the same oil major is reported to have fixed a Suezmax that was reducing its spot purchases following the increase in freight rates. 11 Oct 2019 VLCC rates are reaching epic levels in the wake of an attack in the Red Sea on an Iranian Suezmax The tanker market is on fire – literally. Table 2.8 Summary Statistics of Spot Charter Rates for Tanker Vessels 23 In the Suezmax market, earnings volatility as a percentage of the overall period. 14 Oct 2019 The combined market value of Frontline Ltd. and Euronav NV -- two pureplay owners -- has gained by 78% to $4.8 billion since mid-August. market segments, namely containerized trade, liquid bulk and dry bulk shipping in 2012 VLCCs and the Suezmax markets were boosted somewhat in the Tanker market summary – clean and dirty spot rates, 2012–2013 (Worldscale). 12 Oct 2018 Tankers have recently experienced a strong recovery in the spot market, which tripled from just a few months back. Namely, the tanker industry  11 Oct 2019 Seven suezmax ships and three of the five aframax tankers owned by The Great Eastern Shipping Co Ltd are operating in the spot market.

Tanker: Record year for Suezmax spot rates. CEO of Nordic American Tankers, Herbjørn Hansson, points to several things indicating a rebound of the crude oil market.

14 Oct 2019 The combined market value of Frontline Ltd. and Euronav NV -- two pureplay owners -- has gained by 78% to $4.8 billion since mid-August. market segments, namely containerized trade, liquid bulk and dry bulk shipping in 2012 VLCCs and the Suezmax markets were boosted somewhat in the Tanker market summary – clean and dirty spot rates, 2012–2013 (Worldscale).

Suezmax is up 114% and 359% over the same respective time periods. it will put quick pressure on rates in the spot market. If high rates last in the tanker market, they will eventually

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 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.

market segments, namely containerized trade, liquid bulk and dry bulk shipping in 2012 VLCCs and the Suezmax markets were boosted somewhat in the Tanker market summary – clean and dirty spot rates, 2012–2013 (Worldscale). 12 Oct 2018 Tankers have recently experienced a strong recovery in the spot market, which tripled from just a few months back. Namely, the tanker industry 

Suezmax rates, which led the decline, have skyrocketed back with seasonally strong Q4 now underway. Nordic American Tankers, with full spot exposure, is in the best position to capture these gains.

7 Oct 2019 From Thursday to Friday last week, reported Suezmax rates jumped Presently the Suezmax spot market is reported to about $68,000/day,  1 Oct 2019 Freight rates for U.S. crude tankers bound for Asia hit an all-time high on with two Suezmax-class tankers, which can carry about 800,000 to more than 1 which have shorter shipping distances, or spot premiums for long-distance S&P 500 falls 20% from record high, crossing bear market threshold. Suezmax crude tankers: 125,000 markets. From the oil well, crude oil is transported either by pipeline or by other transportation means, often to a port from Freight rates improved markedly in 2014 and 2015 with spot rates reaching their.

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