The Aframax sector has come out on top as having the largest percentage rise in ton miles over fleet growth in the past 3 months. Aframax charter rates have more than quadrupled in the same time frame, starting July at approximately 9k USD and starting…
Aframax: Demand & Supply Trends Read More »
On 1 January 2020, the IMO’s global sulphur cap will come into force, and ships will need to burn compliant low sulphur fuel oil (LSFO), unless they are equipped to use LNG or have fitted an exhaust gas cleaning system (also known as a scrubber). This …
Last week our cross-sector earnings index, the ClarkSea, recorded its biggest ever weekly percentage move (23% to $20,096/day), and this week we have another record, including the biggest absolute increase (55% to $31,207/day). The current spike is ver…
ClarkSea “Spiking” And Smashing Records! Read More »
The crude tanker market is experiencing an unprecedented spike in rates, with the VLCC spot charter market in particular reaching heights not seen before. At the same time, VV values for crude tankers of all ages are on the rise. The below table shows …
Tanker Values on the Rise as Well Read More »
Capesize The Capesize market managed to find a floor and rally a little this week after several weeks of declines. While the West Australia to China C5 route lifted early in the week, it once again topped out to soften by Friday. Opening the week at $9…
Dry Bulk Market: Capesize Market on the Mend Read More »