Aframax tanker rates 1 10. 11/mt price in January 2022. 77 per share. The tanker derives its name from AFRA which stands for Average Freight Rate Assessment. 7% 1. ” Aframax: a recovering market with bright spots. 25, compared with an LR2 on the Persian Gulf-UK Continent route in the Apr 25, 2024 · Aframax oversupply hits rates amid Canada pipeline delay fear The $34m Trans Mountain Expansion is due to open on 1 May but oil companies are concerned about possible delay 25 April 2024 12:25 GMT Dec 30, 2024 · A surge in demand for trans Atlantic freight movements out of the US Gulf Coast on midsize Aframax and Suezmax tankers has propped rates up midweek May 4, rebounding after it reached two year lows jus January 26, 2024. Handy Charter Rates • Handy open Continent to East Coast South America (ECSA) fixed around $5,500 • Handy open Continent to East Coast North America (ECNA) fixed around $6,500 Oct 11, 2023 · Three key tanker rate assessments see double-digit percentage point gains in a day. To get your credentials for the first time please go to the subscription section. 1 Noon reports record the daily fuel consumption, the optimal speed depends on the ratio of freight rate to fuel price R p and on the values of the parameters Apr 25, 2017 · According to the Weber Weekly Tanker Report, Aframax rates on the Caribbean route rose from $5,500 per day on April 13, 2017, to $6,000 per day on April 21, 2017. USD / Day. 5 days ago · Tanker report – Week 26. The Aframax segment has experienced volatility in 2024, with a major correction earlier in the year followed by a strong recovery. You may have noticed that Panamax and Suezmax are named after a place. 2023. e. 8m bpd. Daily earnings for Aframax vessels sailing from the US Gulf to northwest Europe have soared to almost $57,000 this week Oct 3, 2024 · Fears over Israel’s conflict with Iran and its proxies in the Middle East have sent tanker rates skywards. The Baltic Operating Costs Index – Tanker (TOPEX) is calculated using crewing, technical and insurance costs. Aug 20, 2021 · Aframax Tankers ‘Aframax’ comes from the Average Freight Rate Assessment (AFRA) system. Sweeping sanctions, boycotts, and restrictions on Russian oil have spurred opportunistic profiteering — market entrants are 2 days ago · Besides the sharp rise in raw material prices and transport costs, current geopolitical developments also have a major influence on the development of prices in the newbuilding sector and in the second-hand Meanwhile, “the TC Equivalents of VLCC, Suezmax and Aframax are on well below levels compared to first days of January 2023, with the TCE of VLCC being down around 20% and paying USD 19,993/ day Dec 3, 2024 · Performance Shipping Inc. 100,000. 70 stock price, The time-charter equivalent rate or returns on an Aframax tanker trading the cross-Mediterranean route is $160,000/day, Nov. 0% of Tankers Fleet Is Currently Used for Floating Storage Oslo | 29 January 2021 Weekly Tanker Rates | By Jørn Bakkelund, Senior analyst 6 0 100 200 300 400 500 600 0 20 40 60 80 100 120 x t Aframax Crude Tankers Storage Suezmax Tankers Storage UL/VLCC Tankers Storage Tanker >=10K Jul 13, 2022 · Spot rates for Aframax crude tankers (115,000 DWT) — which hold over 60% fewer barrels than VLCCs — were 15 times higher: $21,300 per day YTD. Papanikolaou and E. The market for 140k Basrah/Med (TD23) fell 2. 6% 2019 3. Add to Nov 20, 2024 · As tanker rates keep rolling, There were big gains on the North Sea to UK/Continental Europe aframax route on Wednesday, with rates shooting up by more than one-quarter to $39,400 per day Apr 24, 2024 · Explore the dynamic shifts and nuanced trends shaping the tanker market, from the fluctuating rates of VLCCs and Suezmax vessels to the steady activity in Aframax routes. About. Display full size. Aug 4, 2022 · involve risks and uncertainties, and that should be considered in evaluating any such statement: changes in tanker rates, including compared to last year’s Q3 rates. The tanker rates 1 day ago · Fearnleys Weekly Report provides updates on tanker, dry bulk, and gas chartering rates, newbuilding activity, sale and purchase prices, and market briefs. 00 : 380 CST Aug 2, 2022 · The freight rate for hauling crude from Indonesia to Japan jumped to $24. 2M DRFT BLT 7/2006 AT Zhejiang Zhenhua Shipbuilding Co Ltd - Yueqing ZJ,CHINA CLASS ZC GRT 5790 NRT 3488 May 1, 2007 · analysts of the POP&C project and, although they For all Aframax tankers, the accident rate per ship. Source: 90% of Clarksons (Aframax Global Average) Jan 8, 2021 · Weekly Tanker Rates | By Jørn Bakkelund, Senior analyst 12 This report (including any future rates and/or forward-looking statements contained herein) are prepared by Dec 14, 2023 · But as margins fell, Aframax rates to Europe sank to $4. Key Baltic Exchange indicators for spot Apr 9, 2024 · However, seasonal and regulatory downside risks could be on the cards in the months to follow for Aframax tankers with rates currently hovering below 2023 averages, according Oct 4, 2023 · The Baltic Exchange’s assessment of average aframax spot earnings jumped to just over $17,500 per day on Wednesday, a one-day gain of 6. Secures Time Charter Contract with Oil Major at US$33,500 Per Day for LR2 Aframax Tanker, M/T P. Both Dec 20, 2024 · Hope for VLCCs and aframaxes as tanker rates volatile Largest crude tankers could make some gains to close out but flat day on day and month on month and the aframax reading was $35,700 per day. 5 million, which is five times higher than last week. Nov 22, 2022 · Tanker rates were propelled in 2004 by unexpectedly high demand from booming China, combined with a long-term failure to renew an ageing tanker fleet. French broker BRS Group says the smaller crude tanker size has topped 2008 Jul 14, 2021 · Charter activity for suezmax tankers has picked up in the period market this month, with scrubber-fitted eco tonnage in hot demand amid a weak rate environment. 000 – 120. Deadweight of the Aframax tanker varies from 80 000 tons to 120 11 minutes ago · Tanker rates more than triple from Russia to China as US sanctions hike Overall global aframax rates were assessed at $24,200 per day by the Baltic Exchange on Wednesday, down 9% from the day Jun 2, 2020 · Average TCE Earnings per day for LR2 and Aframax Tankers . Activity has been limited so far which is adding pressure on rates with the fixing window already pushing into the end of Dec 20, 2024 · Hope for VLCCs and aframaxes as tanker rates volatile Largest crude tankers could make some gains to close out 2024. 91WS points, while the average freight rate for Suezmax and Aframax tankers are 139. The Aframax oil tanker market is a crucial segment within the global maritime industry, serving as the backbone for transporting crude oil across the world’s oceans. 25/bl on 31 October, limiting the upside during what is typically Oct 3, 2024 · Suezmax and aframax tanker rates surged for a second day as enquiry for tonnage to move cargoes in the US Gulf Coast leaped upward. 1 the highest since January 2020 following a major shift in trade flows of various dirty petroleum products, tigh Nov 18, 2024 · Harry Vafias shipowning venture C3is has logged a bigger profit in the third quarter, thanks to financial gains and stronger tanker rates. . 2% 2. Jan 6, 2025 · product tankers prices have been trending lower and the M/T "KYRA" (47,931 DWT/Built 2006 at Iwagi in Japan - SS due 8/2028, DD due 8/2026 AFRAMAX 0 0 6 2 PANAMAX TANKER 0 0 0 0 CAPE/COMBO (80K DWT +) 0 0 6 10 PANAMAX BULKER 0 0 18 3 POST PANAMAX BULKER 0 0 2 1 . The Aug 1, 2019 · As the modern Aframax tanker (110,000 DWT tanker from start April 2000) has took the place of the old Aframax tanker (95,000 DWT early 1990s built tanker this paper is based on the monthly one-year time charter freight rate data ($/(Day), and get the per 10000 DWT freight rate ($/(Day*10000 DWT) of a total of 518 groups of Aframax tankers (95,000 DWT tanker from Figure 2 shows the latest time charter rates for Aframax tankers, subject of this research, for the period 2014-2017, where the least average ( < $16,000) come for the year 2017 that was dropped Dec 14, 2023 · Elevated European demand for US crudes should provide continued support for Aframax and Suezmax rates into 2024, although the strength of Europe’s economy will dictate whether the record highs of 2023 will repeat. Photo: Jonathan Boonzaier. 3 days ago · A quarterly index tracking the daily vessel operating costs for Aframax and MR product carriers. 00 : Spread MGO/380 CST: 0 $ 0. Weber Company Greenwich Office Park Three - Greenwich, CT 06831 - USA P: +1 203 629-2300 F: +1 203 629-9103 E: research@crweber. Aksu, Universities of Strathclyde and Glasgow, UK S. Vortexa data shows 35 tankers transitioning in Q4 2019 into the dirty tanker market, Of these 19, it is noteworthy that nine tankers were Apr 10, 2024 · Spot rates for aframax crude tankers have rebounded on busy activity that has cleared the Atlantic of available vessels, bringing larger suezmaxes into the rebound. 40,000. Figure 1 presents the daily values of the one-year time charter rates for Aframax, Suezmax and VLCC tanker markets covering the years 2005 and 2017 based on weekly observations [9]. Mar 1, 2024 · Suezmax Tanker Spot Rates-20,000 40,000 60,000 80,000 100,000 120,000 Q1 Q2 Q3 Q4 USD / Day Source: 90% of Clarksons (Suezmax Global Average) Last Updated: March 1, 2024 2022 2023 2024. 4% of Tankers Fleet Is Currently Used for Floating Storage Oslo | 4 June 2021 Weekly Tanker Rates | By Jørn Bakkelund, Senior analyst 5 0 100 200 300 400 500 600 0 20 40 60 80 100 120 No. Due to their favorable size, Aframax tankers can Jan 18, 2024 · Tanker rates TC rates hold near all -time-highs →Optimism remains Crude Tanker 1-year TC rates Product Tanker 1-year TC rates Source: Fearnleys 10€000 20€000 30€000 40€000 50€000 60€000 70€000 80€000 90€000 100€000 SD/Day 1Y T/C VLCC 1Y T/C Suezmax 1Y T/C Aframax Oct 23, 2024 · Spot rates for aframax tankers headed in different directions over the last week, with the North Sea market surging and the Caribbean trade losing ground. Delautre, Bureau Veritas, FRANCE SUMMARY The paper presents detailed results of a comprehensive analysis of recorded AFRAMAX tanker incidents Nov 8, 2022 · Tanker rates have been elevated due to Russian oil while Q3/2022 spot rates were strong at $33,200 / d for Suezmax and $35,900 / d for Aframax tankers, Q4-to-date The BDTI (Baltic Dirty Tanker Index) was at 866 on March 18, 2016. Cancel. Latest Tankers South Korean VLCC hunger and aframax surge push dirty tanker index to 11-week high. But that is exactly what Wärtsilä is aiming to do About Aframax tankers. Quarter to-date rates are approximately two to three times higher compared to last year’s fourth quarter rates. Q4. Dec 9, 2022 · The following essay will deal with the Aframax Tanker Vessel Class. Q1. Teekay has subsequently found a charter for the same vessel at US$48,500 per day for a 12-month period. 7 NEWBUILDINGS Compass TYPE TANKER, SUBTYPE Oil Products Tanker DWT 9273 MTS ON 7. This paper selects the one-year charter freight rate of Aframax tankers (110,000 DWT D/H) to Jan 7, 2025 · The Baltic Exchange has added quarterly assessments of the cost of operating crude oil carrying Aframax tankers and clean product carrying Medium running costs, sale & purchase and recycling prices. That is because Afra Oct 4, 2023 · A key indicator of aframax tanker spot rate strength rebounded to its highest level in two months as the market in the US Gulf Coast tempted shipowners to move vessels across the Atlantic. 9 15. Search. the support from the Aframax sector has now dissipated and rates for 135k Black Sea/Med (TD6) are two points lower at WS60 (increasing the negative TCE to about -$6,300/day). Currency in USD. However, Afra isn’t a place you can find anywhere. Tanker Dirty/Clean TIME CHARTER, HANDY, MR IMO3, LR1, LR2, Aframax, Panamax, Suezmax, VLCC, in $/day. Size: 80,000–120,000 DWT; Purpose: Aframax tankers are versatile, medium-sized vessels optimized for routes with intermediate-to-high crude oil volumes where canal restrictions are not a Feb 27, 2023 · An Aframax vessel was chartered in for three years at a day rate of US$31,150 with a 12-month option. 80,000. 27m bpd, Vortexa data show. In the product tanker Aug 10, 2024 · Introduction. Diamantara said that numerous elements have helped raise prices. The Baltic Exchange basket of aframax rates was up 14% on Thursday to $49,800 Jan 2, 2025 · Aframax Tankers. After all, the AFRA (Average Freight Rate Assessment) system has been around since the 1950s and remains the standard bearer for medium-sized crude tankers. 2% S&P Market and Fleet Statistics S&P Activity •The pricing structure for secondhand tankers continues to follow a two tier pattern whereby values on modern assets (up to 10 years old) are holding steady Sep 4, 2024 · The Mideast Gulf Aframax rate to southeast Asia dropped by WS2 to WS143. 00 : Commodity Prices; Brent Spot: 0 $ 0. About; Vision and Values; History; Leadership; Fleet; Sustainability; Accessibility Plan (Canada) Jun 7, 2018 · Forecasted Fleet Growth by Size Range VLCC Suezmax Aframax LR2 Panamax MR 2018 1. 00 : USD/KRW: 0 $ 0. According to the AFRA, Scale Jun 4, 2021 · Weekly no of tankers Data Source: Clarkson Research Services 5. 2023 to-date spot tanker rates remain strong; the Company has secured quarter-to-date spot rates of $50,600 per day for Suezmaxes and $67,600 per day for Aframax / LR2 vessels. • The Company secured quarter to-date average spot rates of $29,700 per day for Suezmax vessels and $35,500 per day for Aframax / LR2 vessels with current spot tanker rates well above these levels. 5 days ago · Charles Weber is one of the foremost spot and period tanker chartering brokers in the world. The rates are periodically assessed by the London Tanker Brokers’ Panel, which was formed in 1953. 11/mt price in January Oct 24, 2023 · UKC UKC Aframax rate more than doubles in space of two weeks Market rises by w50 on day Ex Russia trade, firming Med market pulling away vessels Aframax dirty tanker freight rates for cross UK Contine Aug 1, 2020 · Our empirical analysis is based on a unique dataset of more than 11,000 noon reports for a fleet of 6 Suezmax and 10 Aframax oil tankers deployed in global trade. Clarksons Securities quoted eco ships at $35,300 per day on Thursday. Exports in 2024 were 1. 3 days ago · The secondhand Container vessel S&P market has been consistently active, especially at the end of 2024, and a large number of vessels of all sizes and ages have been reported sold recently. The BDTI tracks tanker rates for shipping crude oil on representative routes. AFRA is acronym for Average Freight Rate Assessment, used by the major oil companies, traders and other market players as a source of unbiased market rates. 8 Clean carriers: LR2 25. Time charter equivalent rates for aframax and Nov 28, 2023 · Though the spot markets for both crude and product tankers have suffered reductions during 2023, and crude tankers especially have seen significant volatility, both Mar 25, 2022 · Freight for the Aframax and Suezmax US Gulf Coast Transatlantic runs rose w35 and w24, respectively, in the four consecutive trading sessions leading up to March 24, as major oil companies stepped int. May 7, 2019 · In other works, Stefanakos [33] analyzed the seasonality effects on tanker freight rates, Chen et al. 5 15. 00 : Bunker Prices; 380 CST: 0 $ 0. Apr 14, 2022 · Delta Tankers’ 111,000-dwt aframax tanker Delta Pioneer has been targeted by Greenpeace activists. 0 13. 25WS and 164. Brokers reported Sinopec subsidiary Feb 24, 2023 · European Aframax, Suezmax rates steady Freight prices held steady for across Europe and west Africa for Suezmax and Aframax tankers on Friday but a rising US Gulf market has resulted in some vessels ballasting west which could see rates begin to lift in Europe and west Africa next week. Q2. Shipbroker Fearnleys assessed Worldscale May 5, 2022 · chartering an average-lifting Aframax tanker at 01:30 pm Houston time, a timing aligned with the close of major US exchanges. Nathalin Group subsidiary Prima Marine’s 106,000-dwt aframax tanker Radiant Star (built 2005) Jan 12, 2021 · Aframax tanker spot earnings would average 57% of . 6% to $34,379 per day. Aframax Med According to the Baltic Exchange, freight rates in time charter equivalent (TCE) terms have increased by 163% for Aframax ships and by 98% for Suezmax ships, whereas VLCC TCE Get detailed information on the Baltic Dirty Tanker including charts, technical analysis, where they can assess ETF prices and other essential metrics. January 2, 2024 Projected Tanker Time Charter Rate Assessments May 25, 2022 · Dirty tanker rates for Aframax-sized vessels originating in the Black Sea in southeast Europe increased to $32. Please Note: Only individuals with an active subscription will be able to access Nov 25, 2022 · Strong Aframax freight rates for hauling crude and fuel oil are luring clean Long Range II, or LR2, product ships into the dirty tanker market to capitalize on higher earnings in that segment, several We are pleased to offer from exclusive, for long-term Time Charter (T/C) the following Aframax Tanker: M/T "TBN" - AFRAMAX TANKER DWT: 110,000 MT Built: 2002, DNV class, CAP-1 certified Trade: Dirty Petroleum Products COMPETITIVE RATES. The 80,000t and 135,000t cross-Mediterranean rates Jun 29, 2023 · The deal was made through a subsidiary of Performance Shipping for 2010-built, 105,304 dwt, LR2 Aframax oil product tanker P Aliki. This is expected, since vessels exhibit economies of ship size at sea, i. As a result, LR2 tankers have shifted from clean to dirty trades. VLCC. used wavelet analysis to identify short medium and long cycles in Aframax tanker rates Jan 23, 2023 · The Aframax crude tanker Gold Sun heads toward Houston. It trades at 0. Mid-size tanker spot rates remain firm, though volatile, while positive long-term supply fundamentals remain intact. 00 : EUR/USD: 0 $ 0. Dec 22, 2023 · Aframax tanker rates for cross-Mediterranean trips have jumped 50%, due to a lack of ships arriving in the region. VLCC rates from Mideast Gulf and west Africa rise Mideast Gulf to Asia-Pacific dirty tanker rates $/t----5 10 15 20 25 30 35 40 22 Aug 23 17 Oct 23 12 Dec 23 8 Feb 24 Mideast Gulf-Singapore 80kt Mideast Gulf-China 130kt Mideast Gulf-Asia Pacific 270kt Mar 1, 2022 · Aframax crude tankers loading in the Black Sea can fetch more than $200,000 per day according to figures from tanker rates are showing no rates of slowing down with earnings across the market Mar 15, 2024 · Within the crude tanker segment, the Aframax segment continues to demonstrate improvement in the cross Mediterranean route, with growth in tonne days outpacing other crude tanker vessel categories. “In terms of newbuild crude tanker prices, a standard VLCC is now estimated at $116m a Suezmax at $78m and an Aframax at $60. By Tray Swanson. 1% from last week and up 29% from last month. 5M Mar 19, 2021 · Aframax 33. Rates for larger modern-built Apr 28, 2023 · Record term rates on offer for aframax tankers may be driving a recent return by owners to shipyards for newbuildings. 0% 3. Aframax Tanker Spot Rates-20,000 40,000 60,000 80,000 100,000 120,000 140,000 Q1 Q2 Q3 Q4 Day Source: 90% of Clarksons (Aframax Global Average) Last Aug 25, 2022 · “Spot charter rates for LR2 tankers are currently averaging in excess of $40,000. 6% 3. The rise came on the back of hot aframax Mar 31, 2022 · Freight rates ($/t) on TD6 (LHS) and the Black-Sea-to-Far-East route (RHS – Argus Media) US Gulf Coast. Dec 10, 2024 · Aframax freight rates on key ex Asia routes have reached w90 for the first time in 2021 on the back of tight supply as several ships clean up to load refined products, many ballast to the Mediterranea. Suezmax Aframax(1) LR2(2) Q3-22 spot ship days available 2,217 1,064 837 Q3-22 % spot ship days booked to-date 43% 37% 37% 5 Mar 6, 2023 · Tankers Rates reached two year highs during the third quarter of 2022, strengthening values across all Tanker sectors. Crude Oil, VLCC, Suezmax, Aframax, LR, MR, Bitumen and LPG/LNG tankers for sale. 6% 0. 140,000. By Ioannis Papadimitriou. 1 Weekly Tanker Rates | By Jørn Bakkelund, Senior analyst 11 This report (including any future rates and/or forward-looking statements contained herein) are prepared by Clarksons Platou AS for general information purposes Oct 6, 2023 · Suezmax Tanker Spot Rates-20,000 40,000 60,000 80,000 100,000 120,000 Source: 90% of Clarksons (Suezmax Global Average) Last Updated: October 06, 2023 2021 2022 2023. Source: 90% of Clarksons (Aframax Global Average) Last Dec 30, 2024 · WAF Suezmax rates hit near two month highs Spate of Suezmax vessels put on subjects Fixtures still being settled using 2023 Worldscale flat rates The West of Suez dirty tanker market on Jan. The same Oct 1, 2018 · However, there are three exceptions to this, namely the Spot VLCC tanker freight rates when using the IGARCH and CGARCH models and the Spot Aframax tanker freight rates when using the CGARCH model. 4% that lifts rates from a 2023 nadir of $7,552 per day May 25, 2022 · Dirty tanker rates for Aframax-sized vessels originating in the Black Sea in southeast Europe increased to $32. 7 6. Crude tanker rates have remained quite healthy for Sep 1, 2011 · For instance, the average (or mean) freight rate for a VLCC in the sample is 90. Crude product tanker rates Mar 8, 2024 · Aframax Tanker Spot Rates-20,000. 00 : USD/NOK: 0 $ 0. At a $20. Making the Switch. West Africa-US dirty tanker rates $/t----10 15 20 25 30 13 Mar 24 13 May 24 9 Jul 24 4 Sep 24 West Africa-USGC 130kt West Africa-USGC 260kt bound journeys. The maximum size of vessel to use the Average Freight Rate Assessment method for calculating shipping rates, these tankers are around 240 metres (790 feet) long and have Apr 19, 2023 · Secondhand crude tanker prices hit 15-year high, says Bimco aframax prices have led the way but five-year-old suezmax and VLCC crude tankers are also at 85% and 83% of newbuilding prices, said The Clarksons Securities shipping team has made a bold prediction of further increases in tanker rates during 2023. The first quarter of 2023 was historically strong for US Gulf coast crude tanker rates, as new trade flows to Europe rose after the EU banned Feb 14, 2024 · An ageing global fleet is also driving the need for tanker newbuilds. 5% 4. In the US, Aframax freight rates for the US Gulf-to-Europe Home; Tankers ; Tanker Ships for sale - Crude Oil, VLCC, Suezmax, Aframax, LR, MR, Bitumen and LPG/LNG . The gross charter rate will be US$33,500 per day for a May 11, 2015 · Shipping sources last week said that Singapore-based ST Shipping, Glencore's chartering arm, along with fellow mega-trader Mercuria have chartered six Aframax tankers in Asia, potentially for fuel oil storage in the next few months, Reuters reports. 2 days ago · The freight rates for Aframax-sized tankers, used to ship ESPO blend crude from Russia’s Pacific port of Kozmino to North China, more than doubled on Monday, reaching $3. 5 13. 9 9. As markets change - so do prices. [34]. Gain valuable insights into regional markets and 3 days ago · Clearly, the Suezmax tanker has neither the trading flexibility of an Aframax nor the economies of scale of the VLCC, and yet it is subject to compliance with OPA 90 for much of its trade. Transactable values include confirmed trades, bids, offers assessment, with rates for transactable values outside this window normalized, depending on market conditions. Aframax tankers became popular because of the size constraints Aug 29, 2024 · Product tankers have also enjoyed a strong increase in freight rates, as measured by the Baltic Exchange, whereas weakness for both Aframax and Suezmax has kept a Using current tanker rates of $50k Suezmax, $55k Aframax, and $40k LR2, my model expects TNK to generate run-rate earnings of $365 million, or $10. London. 4% week on week to $47,400 per day on a fleet weighted average basis, Clarksons said on Friday. 2 LR1 20. 5 points to WS30 on the back of a fuller position list and less demand. 中文网站 한국어 Português Español Other articles where Aframax is discussed: tanker: Aframax. cash breakeven levels of $17,684 daily, according to new estimates. Q3. Analysts Frode Morkedal and Even Kolsgaard claim we will see ‘phoenix’-like VLCCs in the coming year as Jan 29, 2021 · Weekly no of tankers Data Source: Clarkson Research Services 6. The Baltic Exchange's estimate of average aframax time-charter equivalent rates jumped nearly $2,290 to Mar 27, 2014 · 1 CASUALTY ANALYSIS OF TANKERS A. 04WS points, respectively. The tanker rates Jan 6, 2025 · MSI mentions, “Suezmaxes have had a positive performance in Q4, with rates recovering from earlier declines. Weber Company, Inc. Dec 21, 2019 · Oil freight rates from the US Gulf Coast for Aframax crude tankers hit a new record this week, according to shipbrokers cited by the worldscale rate for an Aframax tanker was $46,800 per day. The tanker was anchored off the Danish port of Skagen after carrying a load of crude from Primorsk. As panel brokers for all of the major oil companies and traders in the United States Nov 9, 2024 · Market FREIGHT Description AFRAMAX AVG CHARTER RATE Delivery Terms Indice Date Range NOV24 Last Update 09 Nov 24 23:00 Last Price 38850 Cur/unit $/day Area WLD Update Frequency Daily Jan 30, 2019 · Time Charter rates for the Aframax tanker. 15-year The rates are updated annually, when the Worldscale Association establishes new flat rates for the year. 10 per metric ton (mt) in April 2022, more than triple the $10. • Since November 2022, the Company has entered into three charter-in Aug 23, 2024 · Suezmax and aframax segments lead tanker newbuildings as orderbook surges Meanwhile, tanker newbuilding contract prices have risen by between 5% and 10%, depending on segment in the past 12 months and are up by almost 20% since August 2022. Aug 10, 2022 · Oil Tanker Freight Rates From US to Europe Soar to Two-Year High. 29% of the VLCC 200,000+ dwt fleet is over 15 years of age, with this number increasing to 32% for the Dec 30, 2024 · Aframax owners reeling under multi year low rates and negative earnings on certain routes are cleaning some of their ships to load refined oil products, market participants said this week. Mikelis, INTERTANKO, UK S. 16 Accordingly, the p-values of the DM test reveal that in 29 cases out of a total of 48 (almost 60%) the null hypothesis of equal forecasting 6 days ago · Teekay Marine Markets, Tanker Update Watch this space for Teekay's regular update on the tanker market. • 7th October: 2 Aframax Tankers (115,000 DWT, 2024, DH Shipbuilding) Oct 30, 2024 · Tankers into a fully-integrated shipping company containing all shore-based employees and seafarers in one platform. Apr 21, 2023 · Suezmax Tanker Spot Rates-20,000 40,000 60,000 80,000 100,000 120,000 Q1 Q2 Q3 Q4 Day Source: 90% of Clarksons (Suezmax Global Average) Last Updated: April 21, 2023 2021 2022 2023. The Nasdaq-listed bulker and aframax tanker owner said Aug 14, 2023 · Argus Tanker Freight Issue 23-158 | Monday 14 August 2023 DIRTY TANKERS - EuRopE, MIDDlE EAST AND AfRIcA VLCC rates WS----30 40 50 60 70 80 90 100 110 20 Feb 23 19 Apr 23 19 Jun 23 14 Aug 23 West Africa-China 260kt Mideast Gulf-Asia Pacific 270kt crude tanker rates hold steady Tanker freight rates for crude cargoes were stable to start 1 day ago · 15-January-2025 Daily Updated Ship Charter Rates . Figure 2 shows the latest time charter rates for Aframax tankers, subject of this research, for the period 2014–2017, where the least average (<$16,000) come for the Jan 31, 2019 · Aframax tanker's freight, and predicts the long-term variation trend of freight rate on that basis. Aframax tankers, named after the Average Freight Rate Assessment system, are mid-sized vessels designed to handle substantial volumes of crude oil, typically ranging in tons (DWT). last update: 2024-11-14 23:00:02 GMT Tanker NB prices have climbed to the highest levels of the past 15 years, with Aframax/LR2 and MR2, sectors which are starring on the current orderbook, being just 12% and 9% down respectively Jan 8, 2024 · Charles R. 00 : Interest Rates; SOFR USD (6 month) 0 $ 0. 84 P/NAV. 9 11. 5 million, Dec 6, 2022 · Prices for 20-year-old Aframax tankers have nearly doubled this year. Because you are not logged, data on display are delayed by 60 days. VLCC daily earnings Aframax. 00 : MGO: 0 $ 0. The time charter commenced 26 June and is expected to generate between US$5. has led to a significant drop in LR2 tanker rates. May 9, 2024 · 4 Strong Spot Rates in Q1-24 With Strength Continuing Into Q2 0 10 20 30 40 50 60 Day TNK’s Monthly Mid-Size Tanker Spot Rates Suezmax Aframax Fleetwide FCF Breakeven Source: Internal May-24: 45% of days booked for Aframax and 58% for Suezmax Source: Internal (average of Suezmax and Aframax spot rates) Dirty tanker rates for Aframax-sized vessels originating in the Black Sea in southeast Europe increased to $32. An increase in OPEC Mar 17, 2022 · UN conference on trade and development said Black Sea-Med aframax and suezmax tanker daily rates exceeded $170,000 on February 25, from about $10,000 a day on February 18 UN says Ukraine war to lead to ‘even higher’ freight rates :: Lloyd's List Persistent volatility and increased long-haul trade across the globe will support crude tanker rates this year amid a stretched and aging global fleet, midsize tanker specialist Teekay said today. 000 metric tons belong to the Aframax Tanker Vessel Class. PORT TO PORT – FULL LINER TERMS. com Charles R. P utting a new spin on the Aframax concept is no easy feat. Rates to the west coast of India lowered by WS2. About Argus; Careers; Teekay operates a fleet 42 tankers — 25 Suezmax tankers and 17 Aframax or Long Range 2 tankers. 8% 1. 0% 1. So if any ship is of interest please let us know - so we can update you the latest price 2 days ago · Aframax rates jump 29% as owners push for more cash in busier market Published 5 December 2024 13:26 GMT Sanctioned aframax tanker swerves English Channel as it takes long route to Suez Feb 12, 2024 · while Mediterranean Aframax rates continued to fall. Suezmaxes made Sep 11, 2018 · Monthly Summary August review: Crude tanker spot rates firmed moderately during August, with VLCC rates and Pacific Aframax rates hitting a 9-month high. 20 December 2024 13:54 GMT Updated 20 December 2024 15:24 GMT By Matt Coyne The aframax average was down under 1% from Thursday, 1. An Aframax vessel is an oil tanker with a deadweight between 80,000 and 120,000 metric tonnes. 5 to WS150. 8% 2. Aframax tanker rates climb, boosted by tightness Apr 11, 2024 · Seasonal factors in the Atlantic Basin and increasing sanctioning activity could play a vital role in shaping the trajectory of freight rates in Q2 2024. 5m. Aframax Tanker Spot Rates-20,000 40,000 60,000 80,000 100,000 120,000 140,000 Q1 Q2 Q3 Q4 USD / Day Source: 90% of Clarksons (Aframax Global Oct 22, 2024 · Crude tanker rates rise amid record US exports to Rotterdam Kpler notes new all-time high as the Brent-WTI price spread widened 22 October 2024 14:21 GMT Updated 22 October 2024 15:15 GMT Jan 13, 2024 · Frontline has the best fleet in the crude tanker industry. Due to their favorable size, Aframax tankers can serve most ports in the world. Aframax Tanker Spot Rates-20,000 40,000 60,000 80,000 100,000 120,000 140,000 Q1 Q2 Q3 Q4 Day Source: 90% of Clarksons (Aframax Global Average) Last Updated: October Feb 14, 2017 · Spot rates are surging for aframax crude tankers and long-range-two products tankers. of VLCC, Suezmax and Aframax No of tankers >=10k dwt Nov 14, 2024 · TANKER Time Charter in $/day. The activity was said to have given a boost to time charter rates, and the sources view it as a sign the market could Dec 5, 2024 · Aframax owners have forced spot rates up 29% in 24 hours as more positive sentiment finally translated into a better market. The fleet of some 1,700 medium range product tankers was estimated to achieve average spot rates . of $8,558 daily in 2021, 40% below what was needed for a five-year-old ship to break even. Feb 7, 2024 · Swing tonnage could bring more equilibrium to two tanker markets separated by record rate gap. CONTACT FOR QUOTE. Aliki. The term is based on the Average Freight Rate Assessment (AFRA), a tanker rate system created in 1954 by Shell Oil to standardize shipping contract terms. Eliopoulou, Ship Design Laboratory-NTUA, GREECE N. Read more Jan 9, 2025 · Aframax is a medium-sized crude tanker with a dead weight tonnage (DWT) ranging between 80,000 and 120,000. With the first full week of 2025 in full swing markets are adjusting to the new Worldscale schedule. Global average aframax rates Oct 12, 2023 · Suezmax tanker rates leapt forward on Thursday, with several market indicators showing that spot earnings have increased by double or more in 24 hours. 76/mt on Aug. Mar 8, 2024 · Aframax Tanker Spot Rates-20,000. Additionally, you will get TCE, demurrage and lightering Apr 5, 2024 · Tanker rates fell by 3. 3% 1. , the $/tonne of transport cost declines as vessel size increases. 6 11. 05/bl on 30 November from a five-month high of $6. Send. 1 day ago · Oil tanker rates continued to rise on Wednesday as concerns over further supply disruptions from US Aframax tankers carrying Russian ESPO blend to China were quoted Apr 9, 2024 · Crude tanker rates have remained quite healthy for owners in the last couple of years, especially post the Russian invasion and the changes to trade flow and fleet behaviour 5 days ago · AFRAmax Crude Tankers. This compares to $92m, $63m and $51m respectively in January 2021 Nov 3, 2022 · • Spot tanker rates have continued to improve. Explore S&P Global. 120,000. Both assessment groups are based on max. while the aframax reading went even higher: 49. Read more about FRO but the rise of day rates for Aframax and Suezmax ships is 2 hours ago · The CPC pipeline has a maximum capacity of 1. year has reduced significantly when considering could not be resolved within this project Dec 20, 2024 · Aframax tankers, particularly those operating on the North Sea-to-UK Continent (TD7) and cross-Mediterranean (TD19) routes, have experienced decreased utilization this year. ” “We look forward to participating in a strong Jan 8, 2025 · Tankers VLCC. Although rates remain well below the long-term average, it is encouraging that we are seeing some volatility in August / September, traditionally the weakest months of the year. 60,000. The Company has secured strong fourth quarter-to-date spot rates of $40,000 per day for the Suezmax fleet, $36,600 per day for the Aframax fleet, and $44,700 per day for the LR2 fleet. Tankers between a Deadweight (DWT) of 80. Jun 3, 2019 · AN AFRAMAX SHIP IS IDEAL FOR SERVING ROUTES THAT DON’T HAVE LARGE PORTS. 2023 was one the of the best years on record for Aframax and Suezmax spot rates due to a Apr 19, 2024 · 12 daily carbon-accounted Aframax tanker freight assessments in 2022 and 12 Aframax tanker carbon emission charge freight assessments in Sept. 00 per day and we expect to trade the vessel, following its delivery to us, in the spot market. 119′ Landing Craft Utility LCU – RORO Argus Tanker Freight gives you access to daily prices on more than 250 routes for clean, dirty and specialised tankers, available in multiple units – from Worldscale and lumpsum to USD/bl. EN. “Product tanker rates have been softer to start 2023, though there are several drivers of further strength ahead,” said Nokta. 1 day ago · Meanwhile, Aframax tankers carrying Russian ESPO blend to China were quoted at $6 million to $6. Nov 24, 2022 · Subject: Aframax tanker freight rates hit 17-year high ahead of Russian oil bans Add a personalized message to your email. For example, Jan 8, 2025 · Market Brief Exchange Rates; USD/JPY: 0 $ 0. Aframax vessels lifted 55% of the blend, out of 665 cargoes exported in 2024. vvwolzdrehtbyvanjlhvuhmpjrbqgupkbcauaaacopiwgfgnfhvp