Bookmark 24 Apr 2020 Daily Briefing April 24 2020 ... Tanker rates soar as two-tier market evolves over sanctions exposure fears | VLCC earnings hit $100,000 as sanctions bite. By submitting this form you acknowledge that you have read and you agree to our, You must select at least one interest to continue, You are a premium subscriber, we are unable to send you a link to reset password for security reasons., Learn More About S&P Global Platts Tankers Services, Cliffs to restart Cleveland-area blast furnace, stresses value over volume: company, Commodity Prices and Essential Market Data, Americas Petroleum & Energy Virtual Conference, S&P Global Platts Latin America Shipping and Bunker Webinar. The high in daily earnings recorded by Clarkson Research is … Daily Weekly TW+ Jobs Chinese Events Interviews ... Are negative tanker rates hypothetical in most cases? We will be in touch shortly. For more info go to our Cookie Policy, Baltic index logs 6th straight week of gains, LPG Trade: The US Market Dominated During 2020, A-share market forecast to sustain bullish growth, Drewry: World Container Index Reaches Highest Level Since 2011, Guide for Carriage of Hazardous Materials. TCE calculations for four major vessel classes over 45 trades; Recent Bunker Prices; Current Worldscale Rates; Trend Comments ; Daily Market Rate Snapshot . You're one step closer to unlocking our suite of comprehensive and robust tools. Based on a pretty strong market for LR2 tankers, I expect 2nd qtr to be pretty good--but, 3rd qtr will see much lower rates than the 1st half. If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. Benefits — Spot arbitrage opportunities for crude and fuel oil with access toPlatts daily global freight rates chartering market snapshot tankers bulkers baltic exchange tanker freight indices baltic exchange bulker freight indices current week last week last year current week last week last year bdti 493 520 1240 bdi 1754 1606 754 bcti 465 447 710 bci 2893 2548 712 bpi 1616 1559 870 bsi 1086 1029 560 tanker 12 months t/c rates dwt This reporting package includes our Daily Tanker Market Reports for all sectors and the Daily Tanker Market Rate Snapshot. Tanker Market Starts the Year on a Positive Note in Hellenic Shipping News 08/01/2021 T he tanker market has entered 2021 with renewed optimism thus far, despite estimates of the opposite. Baltic data underpins a flourishing freight derivatives market. Features Daily Tanker Market Reports. Add to Cart. The Daily Market Rate Snapshot provides a comprehensive assessment of the market at a glance. Published 20 January 2021 11:52 GMT Bulkers if the 5th attempt fails, the account will be locked for 30 minutes, Please use only English characters (A-Z, a-z), You already have an account, Please log in or reset password. Subscriber Notes inform you of upcoming changes related to the markets that we report on, as well as requests for comment on new assessments, and announcements that assessments will be discontinued. Access latest agriculture news and analysis, conferences and events. If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Rates in the tanker market tumbled recently because producers have been withholding millions of barrels of supply to counteract a collapse in demand that … Rates for the largest gas vessels surpass USD 100,000 per day Many gas ship operators only need rates of USD 20,000 per day to cover their costs, but in the past month, rates have hovered steadily at around USD 100,000 per day. It should be noted that attempted terrorist acts in the Red Sea and MEG have had zero affect on rates, which suggests owners will adopt a reactive approach, therefore only attaching a premium to these runs if the unthinkable happens. Aframax rates also appeared to be stabilising, although brokers warned that spikes were still possible as traders and oil companies re-examined loading schedules. Global shipping prices, market and other tanker information. An email confirming your password has been sent. Access latest coal news and analysis, conferences and events. Even with delays in some strategic ports we expect rates to move sideways into next week. Visit to learn more about our pricing and industry coverage of the bunker and marine industry. Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber. 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. Daily Tanker Market Rate Snapshot A one page daily spot freight rate for 36 trades in 8 vessel segments including Worldscale spot rates, TCE revenues, bunker prices, time charter and asset market rates. Meanwhile, the Pacific spot tanker rates increased to $221,750 a day, according to Spark. “The tanker market is going bonkers,” said Stifel analyst Ben Nolan. In the Mediterranean and Black Sea, we are still looking at a long list of prompt ships, and although cargoes are coming into the market we have not seen the necessary activity needed to support a firming trend. Shipping, Marine Fuels; Platts Bunkerworld Fixtures. Access latest petrochemicals news and analysis, conferences and events. Learn More. Register. 1000 USD. Independent market information for the dry, tanker, gas and asset markets. All Suezmax markets will trade flat/soft for the remainder of the week, with Western markets looking particularly vulnerable to further falls”. If you have any questions or concerns please contact support@platts.com or click here, Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center. They steadied to $255,169 daily on Monday. Usually the winter months are good for tanker rates, but not this year. This compares to an orderbook of around 20% at the peak of the last market cycle in 2015 and just under 50% in 2008. 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. Access latest metal news and analysis, conferences and events. However arbitrary it may be, though, passing or nearing such a milestone can affect market sentiment, which has real-world effects on pricing. Access latest gas news and analysis, conferences and events. Let’s start the year off on a positive note. In the week to come we expect the market to continue sideways. [Yes] I would like to receive S&P Global Platts promotional emails. Fill out the form so we can connect you to the right person. The tanker market posted a mild rebound during the month of December. Covering 350+ ports daily, S&P Global Platts price asses... #PlattsCommodityNews Americas Jan 22 Find out more. News All News. Tanker rates could improve in 2021, despite expected difficulties Oil supply will rise toward the end of 2021, supporting rates, Alphatanker said, but not before the market experiences some choppiness Daily dry bulk fixtures and a historical database of transactions. By continuing to use this site, you agree to our use of cookies. Your registration is complete and your account is active. A 2012-BUILT very large crude carrier is poised to earn $299,000 daily as an escalating tanker chartering frenzy drove a tenfold rise in rates over a 72-hour period leading to record volumes of freight futures traded in London. 1000 USD. New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. Teekay Marine Markets, Tanker Update Watch this space for Teekay's regular update on the tanker market. Find out more. The crude tanker sector is flirting with one of those key thresholds right now: a rental rate of $100,000 per day. Various vaccines have been successfully developed and given the green light which should see this year’s Covid-19 variant brought under partial control, or at least in the countries that can afford to buy it. Receive daily email alerts, subscriber notes & personalize your experience. Receive daily email alerts, subscriber notes & personalize your experience. The market has been dominated by relets and vessels of bigger sizes having absorbed a big portion of the cargoes ex WCN and ECUK. Platts Commodities Bulletin is a daily regional round-up of the top, most recent news, in-depth features, information on our events, and a summary of what's new on platts.com. Please contact the Client Services team. We would like to update you on operational status in Canada and the United States. Crude tanker spot rates face negative impact in late-2020 and into 2021. Subscriber Notes can be received by Commodity Region, and Note Type. Given the magnitude of the jump in rates in Q1, market participants said the uptrend was unsustainable and a significant correction was expected some time in the current quarter, with the precise timing hinging on how the global pandemic pans out. Norway: Towards A More Sustainable Shipping Industry – Where Are We Now? The downside is that a general malaise in the Suezmax market is going to persist until demand picks up towards the end of the year. One of the reasons rates were so low in 2018 -- which had Teekay, Nordic American, Frontline, and Scorpio Tankers all reporting losses -- was an oversupply in the tanker market. Platts Dirty Tankerwire provides daily updates on the most important developments in the dirty tanker market, so you're equipped to identify opportunities and manage risk. Access latest shipping news and analysis, conferences and events. Charles R. Weber Tanker Market Updated by 10am EST Daily Sunday June 7 2020 Trade Cargo Sentiment Rate VLCC TD1 (WS) AG > USG 280,000 MT 33 TD2 (WS) AG > … If anything, one to watch would be if further delays in the Turkish straights and bad weather could stir things up a bit”, Fearnleys concluded. View More. Access latest oil news and analysis, conferences and events. Receive daily email alerts, subscriber notes & personalize your experience. Rates on the same route for Long Range tankers, basis 55,000 mt, have jumped from w75 to w120 in the same period. Corpus Christi #crudeoil shipments up 65% in 2020 |… https://t.co/OhHc6vM8kW, ICYMI: Asia #piracy incidents hit 5-year high in 2020, #shipping insurance rates firm | @sameercmohindru reports:… https://t.co/HWmz3WZyBn. Nikos Roussanoglou, Hellenic Shipping News Worldwide, Tanker Market Starts the Year on a Positive Note, Online Daily Newspaper on Hellenic and International Shipping, This site uses cookies to enhance your user experience. One-page formatting, along with historical graphs, allow for a quick and easy analysis of the rapidly changing market. Access latest power news and analysis, conferences and events. Meanwhile, in the Suezmax market, Fearnleys said that “a New Year, same old market. The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percent in one week to $100,000 as OPEC+ begins on … Medium Range tanker freight rates for Persian Gulf-Japan shipments, basis 35,000 mt, rose from Worldscale 96 on Dec. 1 to w115 on Dec. 15. Subscribing I accept the privacy rules of this site, Transport Webinar Series – Maritime | Episode 1, SMM Director Claus Ulrich Selbach on the current status of SMM DIGITAL 2021, PORT IS WHAT WE DO – New filter drum for the METHA, BIMCO’s Q4 Shipping Market Outlook webinar, The city of Piraeus and the Municipal Theatre of Piraeus with Panama Flag colours. Thanks for your interest in Tankers. Likewise, suezmax rates on the West Africa-China route reached $278,057 per day, gaining nearly $135,000 in 24 hours last Friday. Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber. Receive daily email alerts, subscriber notes & personalize your experience. Daily Briefing. Freight Derivatives. The latest in tanker freight and fixture rates, giving you a full view of the most important developments, so you can effectively analyze the tanker m... Get the most important developments in the global dirty tanker market including: global freight rates, the latest tanker fixtures, information on proj... Gain insight into the global marine fuels market with Platts Bunkerworld - an online service. BW LPG chief exec sees strong chances of this continuing a while into 2021. Daily Market Report Produced by Poten’s global tanker brokerage team, this daily report includes exclusive information on crude tanker fixtures reported in the past 24 hours. Daily Tanker Market Rate Snapshot. The Holiday Schedule Alert is sent on Friday and provides information on the world's regional and national holidays impacting the publishing of our assessments, market reports and news wires over the week ahead. Overview . Daily Briefing . Find out more. Finally, in the Aframax segment, the shipbroker said that “in the North Sea and Baltic market, rates continue hovering at bottom levels. A daily tanker market rates database of transactions Suezmax markets will trade flat/soft for the of. By relets and vessels of bigger sizes having absorbed a big portion of the changing. Account is active this reporting package includes our daily tanker market Reports for all sectors and the States! Space for teekay 's regular update on the same period “ a new year, same old market a and! Ports we expect the market to continue sideways warned that spikes were still possible as traders and oil re-examined! Been dominated by relets and vessels of bigger sizes having absorbed a big of... Id below and we will send you a link to reset password for security reasons coal news and analysis conferences... Shipping industry – Where are we now, Suezmax rates on the same period old market new and Discontinued Symbol! 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