Aframax tanker charter rates

Oct 10, 2019 The market for chartering oil supertankers is in the grip of a supply Smaller Suezmax tankers also cost more than $100,000 a day even  Dec 4, 2019 Shipowners continue to fetch strong rates for aframaxes while LR2 charter shows more room for growth.

Aframax is a medium-sized crude tanker with a dead weight tonnage (DWT) ranging between 80,000 and 120,000. The tanker derives its name from AFRA which stands for Average Freight Rate Assessment. AFRA system was created in 1954 by Shell Oil to standardise contract terms. Aframax rates in NW Europe. An oversupply of tonnage in the MED further eroded rates, while USG / Caribs rates held relatively steady. Aframax rates in Europe may find some support in May as refinery throughput approaches a seasonal peak; however, North Sea field maintenance and a continued decline in Venezuelan exports may act as Nordic American Tankers operates only Suezmax vessels. Aframax rates. The Caribbean Aframax market was markedly softer last week due to sluggish demand and a growing surplus. Aframax rates on the In the last five years, the VLCC rates had touched $ 57,750 per day for a one-year charter and $45,000 per day for a three-year charter. In the case of Suezmax tankers, the rate had reached Rates surged after US sanctions imposed on September 25 on two tanker subsidiaries owned by China’s state-owned Cosco for shipping Iranian crude spooked refiners and traders, who shunned all tonnage connected with the world’s largest shipping company Aframax AFRA stands for Average Freight Rate Assessment. As the name suggests, Aframax are medium-sized oil tankers with a dead weight tonnage (DWT) between 80,000 and 119,999. Though relatively small in size in comparison to VLCC and ULCC, Aframax tankers have a capacity to carry up to 120,000 metric tonnes of crude oil. They are just ideal Global shipping prices, market and other tanker information. Visit to learn more about our pricing and industry coverage of the bunker and marine industry.

Dec 18, 2019 The average rate for a VLCC for one-year is currently estimated as $47,500/pdpr. Although sentiment for the clean market is positive going 

That comes as spot charter rates for very large crude carriers (VLCCs) and Suezmax tankers have largely failed to hit breakeven levels of around USD22  Dec 3, 2017 The average AFRAmax tanker has a DWT of about 110,000 and can carry The voyages then take on the look of a spot charter, with rates  Sep 16, 2014 A VLCC can carry between 1.9 million and 2.2 million barrels of a WTI type crude oil. With current WTI prices near $92 per barrel, a fully loaded  Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber. Charles R. Weber Tanker Market Updated by 10am EST Daily Saturday April 6 2019 The charters come amid slumping period rates for aframaxes, with Howe Robinson quoting year-long charters at $14,000 per day compared to $14,500 earlier this month. But period charters are fetching far more than spot deals, with the Baltic Exchange quoting aframax time charter equivalent rates at just over $4,000 per day. The Suezmax and Aframax time charter rates also fell. According to Alibra Shipping, this week the time charter fixtures remain sparse in the crude segment with very few charters willing to take Aframax rates in NW Europe. An oversupply of tonnage in the MED further eroded rates, while USG / Caribs rates held relatively steady. Aframax rates in Europe may find some support in May as refinery throughput approaches a seasonal peak; however, North Sea field maintenance and a continued decline in Venezuelan exports may act as

The charters come amid slumping period rates for aframaxes, with Howe Robinson quoting year-long charters at $14,000 per day compared to $14,500 earlier this month. But period charters are fetching far more than spot deals, with the Baltic Exchange quoting aframax time charter equivalent rates at just over $4,000 per day.

The charters come amid slumping period rates for aframaxes, with Howe Robinson quoting year-long charters at $14,000 per day compared to $14,500 earlier this month. But period charters are fetching far more than spot deals, with the Baltic Exchange quoting aframax time charter equivalent rates at just over $4,000 per day. The Suezmax and Aframax time charter rates also fell. According to Alibra Shipping, this week the time charter fixtures remain sparse in the crude segment with very few charters willing to take Aframax rates in NW Europe. An oversupply of tonnage in the MED further eroded rates, while USG / Caribs rates held relatively steady. Aframax rates in Europe may find some support in May as refinery throughput approaches a seasonal peak; however, North Sea field maintenance and a continued decline in Venezuelan exports may act as FREE CHARTS. Tanker Worldscale Rates; Tanker TCE; Japanese Newbuilding Ship Values; 5 Year Old Secondhand Ship Values; SSY Capesize Indices; Bulk Carrier Freight Rates; Bulk Carrier Time Charter Rates; Reports; Test Chart Title X. Tanker Worldscale Rate. Dirty VLCC MEG/Jap - 260,000. Time charter rates in the smaller chemical tanker vessel sizes are expected to remain stable over the next two years, but rates for the larger sizes, especially MRs, will decline due to the impact

Jun 25, 2019 With the crude oil prices hitting their lowest levels in a decade, consumers are utilizing the situation to It owns and operates 24 Suezmax crude oil tankers. It is in the business of owning, operating and chartering vessels.

Oct 11, 2019 The impact has trickled down to aframax and suezmax tankers. benefits of the rising freight rates, even on one-year tanker charters, because  Because Capital Maritime will own only one tanker vessel upon the consummation According to industry data, a total of four Suezmax vessels with similar features During periods of relatively low charter rates, revenue may be significantly 

Oct 14, 2019 Shipbrokers typically earn 1.25% of the chartering cost available tankers in the Middle East Gulf saw Baltic Exchange VLCC earnings on the 

An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil Although they were in the past, ships of the smaller Aframax and Suezmax classes are no longer regarded as supertankers. The freight rate of a tanker charter party is specified in one of four ways: by a lump sum rate, by rate  5 days ago business has taken off - along with VLCC spot charter rates. It was reported on COMPASS MARITIME TANKER VALUES. ASSET CLASS. Oct 14, 2019 Shipbrokers typically earn 1.25% of the chartering cost available tankers in the Middle East Gulf saw Baltic Exchange VLCC earnings on the 

Dec 3, 2017 The average AFRAmax tanker has a DWT of about 110,000 and can carry The voyages then take on the look of a spot charter, with rates  Sep 16, 2014 A VLCC can carry between 1.9 million and 2.2 million barrels of a WTI type crude oil. With current WTI prices near $92 per barrel, a fully loaded  Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber. Charles R. Weber Tanker Market Updated by 10am EST Daily Saturday April 6 2019 The charters come amid slumping period rates for aframaxes, with Howe Robinson quoting year-long charters at $14,000 per day compared to $14,500 earlier this month. But period charters are fetching far more than spot deals, with the Baltic Exchange quoting aframax time charter equivalent rates at just over $4,000 per day. The Suezmax and Aframax time charter rates also fell. According to Alibra Shipping, this week the time charter fixtures remain sparse in the crude segment with very few charters willing to take Aframax rates in NW Europe. An oversupply of tonnage in the MED further eroded rates, while USG / Caribs rates held relatively steady. Aframax rates in Europe may find some support in May as refinery throughput approaches a seasonal peak; however, North Sea field maintenance and a continued decline in Venezuelan exports may act as FREE CHARTS. Tanker Worldscale Rates; Tanker TCE; Japanese Newbuilding Ship Values; 5 Year Old Secondhand Ship Values; SSY Capesize Indices; Bulk Carrier Freight Rates; Bulk Carrier Time Charter Rates; Reports; Test Chart Title X. Tanker Worldscale Rate. Dirty VLCC MEG/Jap - 260,000.