5 Aug 2019 VLCC Middle East Gulf rates improved slightly, with 280,000mt Middle East Gulf to US Gulf, basis Cape/Cape, now at WS 19/19.5 level. 1 Feb 2015 ClarkSea Index are oil tankers (VLCC, Suezmax, Aframax and clean Currently, rates are expressed in Worldscale (WS) for tanker voyages;. 18 Jun 2019 VLCC: Rates remain unmoved this week, with 270000 million tonne Middle East Gulf to China at WS 38 and Middle East Gulf to US Gulf in VLCC freight rates raising concerns around the market professionals about WS 100 for a specific voyage, which is expressed in US$/mt, is the freight rate.
Dirty VLCC MEG/Jap - 260,000. Dirty Suezmax Wafr/UKC - 130,000 6 months Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber. Charles R. Weber Tanker Market Updated by 10am EST Daily Thursday October 10 2019 23 August 2019. VLCC. Rates in the Middle East Gulf continued an upward trajectory, with 270,000mt to China at WS 66, up about five points and 280,000mt to the US Gulf, basis Cape/Cape, rated at WS 30, an increase of three points. Overnight, VLCC rates climbed from $20,000 per day to $200–$300,000 per day, and even higher numbers were recorded. From 2003, the demand for new ships started to grow, resulting in 2007 in a record breaking order backlog for shipyards, exceeding their capacity with rising newbuilding prices as a result.
Tankers: VLCC Rates Steady. Rates remain unmoved this week, with 270,000mt Middle East Gulf to China at WS 38 and Middle East Gulf to US Gulf discharge still being assessed for 280,000mt at WS 17-18 level basis Cape to Cape. VLCC. A week ago in the Middle East, the Saudis lowered their April crude Official Selling Price (OSP) and raised production levels by 2.6 million barrels per day (BPD), to 12.7m BPD, with an additional one million BPD coming from the United Arab Emirates. Dirty VLCC MEG/Jap - 260,000. Dirty Suezmax Wafr/UKC - 130,000 6 months Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber. Charles R. Weber Tanker Market Updated by 10am EST Daily Thursday October 10 2019 23 August 2019. VLCC. Rates in the Middle East Gulf continued an upward trajectory, with 270,000mt to China at WS 66, up about five points and 280,000mt to the US Gulf, basis Cape/Cape, rated at WS 30, an increase of three points. Overnight, VLCC rates climbed from $20,000 per day to $200–$300,000 per day, and even higher numbers were recorded. From 2003, the demand for new ships started to grow, resulting in 2007 in a record breaking order backlog for shipyards, exceeding their capacity with rising newbuilding prices as a result.
The rather low freight rates experienced since late March are expected to last, keeping earnings for VLCC owners significantly lower than in Q4 2018 or early 2019. Most of the recently fixed deals only reached levels marginally above WS 38, much lower than the WS 45 they got in early April. VLCC Healthy activity combined with delays in the East saw rates climb 21 points in the Middle East Gulf to WS 80 for 270,000mt to China and Singapore and 280,000mt to the US Gulf was fixed five points higher to WS 32.5. West Africa to China moved in line with the Middle East Gulf with the market at WS 80 basis 260,000mt. The VLCC fleet is currently 622 vessels. 62 were delivered in 2011 and 49 were delivered in 2012. Deliveries have slowed in 2013 to a more modest 17 – or 2.7% – of the fleet YTD, which although a positive development for a more healthy supply/demand balance, still leaves rates a level with much to be desired. The Impact of Bunker Price on VLCC Spot Rates Jack Devanney Martingale Inc, USA, djw1@mgaleast.com Abstract Over the last ten years, VLCC spot rates have been extremely volatile with full-on booms in 2004 and 2007/2008. The strengthening of the market in 2002 through 2004 leading to the 2004 boom can be ex-plained simply by ton-mile demand VLCC MARKET REPORT 01/27/17 – 02/02/17 Rates in the VLCC market continued to slide this week as light fixture activity in the Middle East market exacerbated fundamentals which appeared at the start of the week to be souring. Rates on the AG‐JPN benchmark route shed 12 points to conclude at ws67. VLCC rates hit USD 300,000 per day. VLCC rates have climbed to USD 300,000 per day, the highest level in 15 years, analyst firm writes. The rates have increased massively over the past month, and the current situation is "not normal circumstances", according to the analysis.
Carrier (VLCC) and the Ultra Large Crude Carrier (ULCC) , another rate obtained was WS 16, for a 280,000 tonner WS 24-1/2 and for 250,000 tons WS 29.