Suezmax owners’ earnings have surged by more than 350% on average worldwide since the beginning of September. As Africa goes, so to does the Suezmax market. Suezmax owners’ earnings have surged by more than 350% on average worldwide since the beginning of September. In the Atlantic region, rates for 260,000mt West Africa to China are two points lower For Tsakos Energy Navigation , 43% of its crude tanker fleet is Suezmax vessels. 135,000mt Black Sea/Med has remained flat at WS50 and 130,000mt West Africa/UKCont has dipped two points to WS42. Talk to Sam +33 9 73 87 19 46 . June outlook: We expect the mid-size tanker market to remain relatively steady in June.

Both of these are likely temporary and the timeline is uncertain. Oil tanker: Subclasses: Handysize, Panamax, Aframax, Suezmax, Very Large Crude Carrier (VLCC), Ultra Large Crude Carrier (ULCC) Built: c. 1963–present: General characteristics ; Type: Tank ship: Capacity: up to 550,000 DWT: Notes: Rear house, full hull, midships pipeline: An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. compass maritime tanker values asset class nb contract nb prompt 5 year 10 year 20 year delivery tankers size (dwt) (all numbers in us $ millions) vlcc 90300,000 70 4794 23 suezmax 60160,000 13 65 48 34 aframax 49115,000 11 50 37 26 panamax - lr1 70,000 42 42 830 19 mr tanker 3651,000 37 27 18 7-25.00 25.00 75.00 125.00 175.00 This year has seen a major comeback of the Suezmax tanker market prompted by the recent surge in newbuilding orders, after three years of very few orders, according to London-based shipbroker Gibson. VLCC In the Middle East Gulf, rates eased a single point from last week’s levels with 270,000mt to China now around WS35, a round trip time-charter equivalent of about $20k pd, whilst for 280,000mt to USG via the Cape/Cape routing the market is assessed at WS22. Aframax rates According to Weber’s weekly report, the rates on the Caribbean Aframax market … Aframax rates.

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. Although, tanker rates have fallen, Suezmax vessels have fared better compared to VLCCs (very large crude carriers). Suezmax market. Suezmax.

The “mini” surge in the newbuilding market, caused by more regular spikes in the spot market, has seen 24 vessels placed for the year to date. supported Aframax rates, while the Suezmax market benefitted from a strong Aframax market in the Atlantic. Teekay Marine Markets, Tanker Update Watch this space for Teekay's regular update on the tanker market. compass maritime tanker values asset class nb contract nb prompt 5 year 10 year 20 year delivery tankers size (dwt) (all numbers in us $ millions) vlcc 90300,000 70 4794 23 suezmax 60160,000 13 65 48 34 aframax 49115,000 11 50 37 26 panamax - lr1 70,000 42 42 830 19 mr tanker 3651,000 37 27 18 7-25.00 25.00 75.00 125.00 175.00 Charles R. Weber Tanker Market Updated by 10am EST Daily Wednesday June 10 2020 An ECO-design tanker generally will find significant advantages in 2020 due to the increased bunker costs. 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. Global Tanker Shipping Market 2018-2022 January 2018 $ 2500 H1 2018 Oil Tanker, LNG Carrier, and LPG Tanker Review - TMS Cardiff Gas Leads in Planned LNG Carrier Additions January 2019 $ 3000 > View more reports .

A closed naphtha arbitrage and low LPG prices prevented LR2 rates from finding any upside in May with rates remaining at depressed levels. For Tsakos Energy Navigation , 43% of its crude tanker fleet is Suezmax vessels.

According to Weber’s weekly report, the rates on the Caribbean Aframax market … A TCE of $10kpd basis a round trip – after the encouraging signs for owners – turned out to be a damp squib. Visit TradeWinds for the best news, insight and opinion covering the global shipping business. Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber. 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. Nigerian exports are constrained now by both infrastructure issues and OPEC cuts. Customer Support. 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. The Suezmax market is undergoing a profound realignment: major independent shipowners, such as Bergesen d.y., C.Y. Rates have continued along the baseline this week.