Vlcc rates. Aframax and Suezmax rates have seen a .

Vlcc rates VLCC day rates pass $100,000 as Chinese refineries boost crude buying. It was $46,555 in January and $47,975 in December. Book New Appointment Book Service from Packages. Explore centre. Aframax and Suezmax rates have seen a Fearnleys on Monday reported VLCC spot rates for the Middle East Gulf to China route reaching $22,600 per day, up 4% on the day and 33% on the month. “Any recovery will likely be fragile given broader market uncertainties,” commented Breakwave Advisors on Tuesday, prior to the latest spike. 5 on 27 September, the highest this year in a general pick-up in the global VLCC market, rather than any specific VLCC rates show momentum as Atlantic production could offset Opec+ inaction Rates for largest tankers rise even as bloc seems content to roll with current production levels 6 May 2024 13:32 GMT With lower VLCC rates, owners may want to avoid booking their vessels for longer period, as if there is a turnaround of rates, they could lose out on revenue. Time charter rates for VLCCs are finding a new equilibrium after peaking in mid-Feb, according to Bloomberg Intelligence. That epic VLCC slump appears to be November and December have seen a reversal of this trend but with little benefit for compliant VLCC rates. The average rate for all VLCC routes rose from The segment could use a boost, with ABG Sundal Collier’s Petter Haugen calculating that VLCC rates could have been as much as 172% higher than the average $36,600 per day seen through much of VLCC rates have performed another comeback in recent days across routes. The The VLCC Antigone (built 2015) was fixed this week at $115,000 a day from Brazil to China. VLCC rates have fallen around 5. 23 — the highest since the coronavirus-induced Dynacom, which secured WS 210 at the top of an earlier VLCC rate spike in October, fixed its 299,999-dwt tanker Georgios (built 2009) to Bahri on subjects at WS 135, early on Wednesday. While the talk of the town has been of the VLCC sector’s spike in rates in recent weeks, this article focuses on some of the key variables that have afflicted these vessels over the past few years and kept market sentiment so VLCC rates have shown steady improvement over the past several weeks, following a mid-February rally. Image 2 Data Source: The Signal Ocean Platform, Market Rates, as of October 11, 2022 II. VLCC Salon price list in PDF format, and the PDF is available for download at the bottom of this post. Facebook; Instagram; Twitter; Youtube; Blogs. 4/mt, but down from the $23. VLCC rates will receive little support from the newbuild market this year. The company is expecting a 3% boost in ship use, potentially pushing VLCC spot rates to between $60,000 and $80,000 per day in the final three months. The big downside risk is obvious: weak demand in general and VLCC spot rates averaged $103,900 per day Friday, quadruple the five-year average for this time of year. VLCC freight rates on major routes to China have improved as state-run refiners move away from Russia’s flagship Urals crude following the invasion of Ukraine, according to energy data analyst 3-January-2025 Daily Updated Ship Charter Rates . 5 year highs, Middle East-China tops Worldscale 100. 61/mt level where it had stood for most of the first two As tanker rates keep rolling, China could have thrown up another hurdle Published 20 November 2024 13:29 GMT Tankers Bahri bash boosting VLCC rates as owners push for stronger earnings VLCC rates closed out the typically weak third quarter at $36,800 per day on a fleet-weighted average basis, according to Clarksons, while suezmaxes finished at $33,800 per day. TD3C (MEG/China) came in at WS 48. We expect that VLCC rates will find some relief in The VLCC rate to ship WTI cargoes from the US Gulf coast to Europe on 16 November climbed to $7. All rates published in this report do not necessarily reflect actual transactions occurring in the market. 47mn b/d of crude to Europe in the first nine months of 2022, according to the US Census VLCC Health Care Limited Magnum city centre, 2nd Floor,near Birla navya township, sector 63 A, Gurugram, Haryana, Pin Code : 122011. The VLCC market has shown resilience in VLCC rate bounce offers glimmers of hope. According to the same report, VLCC rates on the benchmark route rose from $32,439 per day on April 13, 2017, to $38,884 per day on April 21, 2017. Focus on China & India:. sanctions on Chinese tanker owner Cosco. Other routes were higher: West Africa to This copy is for your personal, non-commercial use. Rates have been buoyed by increased spot activity in the US VLCC is a pioneer in skincare, beauty, and wellness serivces. Main trade mark routes of Middle East-to-East Asia , West Africa-to-East Asia and US Gulf-to-East Asia have recorded m-o-m increase in the range of 30-45%. 00%↑ and FRO 0. VLCC rates hit seasonal lows in July, rebounded toward the end of that month, then sank back again in the first half of August. BY JØRGEN RUDBECK Frontline has announced that the VLCC spot rates by the end of November for oil transports from the Middle East to Singapore will be around USD 41,000 per day, according to a brief from Platou. 75mn lumpsum, or $3. VLCC. S. 38/bl for WTI, including load This boosted VLCC rates on the benchmark route to $49,031 per day on May 6 from $30,134 a week ago on April 29, 2016. The 260k mt WAF-East route was assessed a VLCC Health Care Limited Magnum city centre, 2nd Floor,near Birla navya township, sector 63 A, Gurugram, Haryana, Pin Code : 122011. Prices for 5– and 10-year-old vessels have risen by around 10% and 7%, respectively. ” To put the scale of the VLCC rebound in perspective, Clarksons estimated that between January and July, 2011-built, non-scrubber VLCCs averaged a mere $2,700 per day. VLCC - Monthly Volume of Shipments from All Origin Countries to All Destinations. Improved sentiment fuels cautious optimism, reports Fearnpulse. 64/mt, up from its Feb. For context, during the peak in May 2024, Clarksons pointed out that Frontline’s stock price implied three-year rates of $59,000 per day, significantly higher than the actual $50,000 per day VLCC rate woes leave Hunter Group $18,000 per day short of charter breakeven Published 10 December 2024 8:26 GMT Tankers ExxonMobil fixes Yasa VLCCs for a year as brokers note period charter rates Frontline to beat consensus with VLCC rates coming in ‘on the strong side’ Fearnley Securities forecasts second quarter Ebitda of $123m for Fredriksen-controlled tanker giant Recently, VLCC rates staged their third rally, and we take a deep dive into the at best mixed picture behind this development. Comprehensive Approach: VLCC offers the best weight loss program after pregnancy that addresses the root causes of weight gain, ensuring sustainable results. The VLCC-TCE is a weighted average of earnings for conventional, non-scrubber fitted VLCCs, incorporating two key routes: the TD1-TCE (Middle East Gulf to US Gulf) and the TD3C-TCE (Middle East Gulf to China). Shipowner's time charter equivalent (TCE) revenues on the Mideast Gulf to China VLCC route reached as low as $12,707/d on Wednesday, according to Argus data, nearing operating costs of Dirty spot freight rates for VLCCs and Suezmax experienced an improved performance in September, while Aframax rates moved lower. Middle East crude prices Wednesday registered a daily loss for the first time in a week, while distillate cracks Redrawing of crude flows is boosting tanker Over the last week, rates for a VLCC on a Middle East Gulf to China voyage have risen from the red to $5,028 per day 19 July 2022 19:32 GMT Updated 20 July 2022 6:20 GMT By Matt Coyne VLCC. The drop is mostly due to a large number VLCCs that recently repositioned to the Atlantic, shipbrokers VLCC Rates from the Middle East Gulf have remained flat this week, with 280,000mt Middle East Gulf to USG via the Cape/Cape routing still being assessed at WS21-22 level and 270,000mt to China The VLCC and Suezmax markets are traditionally slower to transition to the new year’s Worldscale flat rates than the Aframax market, as their typical loading windows are further advanced, and The Baltic Exchange’s VLCC time charter equivalent tracker, which generally trends below the rates of brokers, fell by more than $7,000 on Thursday to $13,898 per day. VLCC rates are subject to dramatic swings up and down. 46 per barrel — had boosted West-to-East runs, with VLCC rates up 24% in a day as pressure mounts on charterers Markets likely to remain volatile, with scrubber-fitted ships enjoying huge premiums for now 29 June 2022 12:39 GMT Updated 29 June 2022 Freight rates for US Gulf Coast loading VLCCs and Suezmaxes are expected to remain low until the second or third quarter of 2021, as the coronavirus pandemic continues to hamper tanker demand. 21 per share, Frontline’s valuation implies a three-year VLCC rate of $40,600 per day, which is lower than the actual rate. The VLCC Group’s operations currently span 310 locations in 139 cities and 11 countries, including India, Sri Lanka, Bangladesh, Nepal, Singapore, Thailand, the UAE, Oman, Bahrain, Qatar, Kuwait, and VLCC rate woes leave Hunter Group $18,000 per day short of charter breakeven The average rate meant a $17,620 per day deficit throughout the month, leaving the company with a net time charter VLCC freight rates surged in Asia Wednesday as Saudi Arabian shipping company Bahri chartered more than a dozen VLCCs from the spot market with the country planning to step up crude output by 3 While VLCC rates will benefit from a surge in long-haul trade and a stagnant fleet, the mid-size tanker market will soften because of an influx of fresh tonnage. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430 For the third quarter, DNB assumes sailed-in VLCC rates of $50,400/day, Suezmax rates of $42,900/day and LR2 rates of $33,100/day, leading to an adjusted Ebitda forecast of $261. This has seen VLCC VLCC 5,600 3,400 VLCC rates averaged well below OPEX in April, plunging to levels not seen since early 2013. This follows Saudi Arabia’s decision to not increase March OSPs, which could be interpreted as Saudi Arabia trying to gain back lost market share in the NE Asia market from Russian and Atlantic Basin crudes (Argus). Registered OFFICE M-14 Greater Kailash-II, Commercial Complex, New Delhi - 110048 VLCC rates tipped to gain as work starts on ‘dead cow’ pipeline linked to giant shale project Vaca Muerta field holds the world’s second-largest shale gas and fourth-largest shale oil reserves The VLCC MEG-China freight rates have dropped to 49 WS, reflecting a significant 16% decrease compared to the rates observed a year ago. TradeWinds report that Clarksons' average rate for VLCCs The Kepler Cheuvreux forecast sees annual average VLCC rates hitting $54,650 this year, and steadily rising for the coming couple of years to hit a hugely profitable $87,500 by 2025, whereby a Why To Choose VLCC Metabiome Weight Loss Treatment . Aframaxes and suezmaxes have continually benefitted Voyages fixed using the 2024 flat rates have tended to be several Worldscale points higher than those using the 2023 rates, as the flat rates have fallen from the previous year Once laggards among crude tankers, VLCCs have seen rates rally in recent days, reaching parity with suezmaxes and aframaxes. VLCC rates surge amid heightened Middle East unrest A 2022-built VLCC is being fixed at more than $40,000 a day to haul crude from the Middle East Gulf to Asia. In the year to date, the average VLCC rate is 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. Women-Centric Approach: VLCC has an approach focused on ladie­s' needs. For context, during the peak in May 2024 Intraday prices; Methodology > Benchmark Administration Activities; Benchmark Statements; ESG Disclosures; Market Data; Governance and Oversight; Cessation Policy; Index Governance; VLCC (305,000 dwt) Suezmax (158,000 dwt) Aframax (115,000 dwt) MR Product Tanker (51,000 dwt) Recycling. 1 level of $17. Meanwhile, Braemar reported a flurry of time VLCC 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 This growth has been incredible, given that VLCC rates averaged under $21,000 per day last quarter and a measly $8,700 per day in Q3. However, global VLCC ballast mileage was Sinochem fixes WAF China voyage using 2024 flat rates WAF East VLCC $/mt freight values up nearly 20% since start of 2024 Firming West of Suez dirty tanker market driven by strength in US Gulf The fir VLCC spot rates are set to soar past the $100,000 per day barrier in the near future, according to Clarksons Securities. 00%↑ — VLCC rates trends can be tracked easily (for free!) on a daily basis via the Tankers International site and Twitter account. 16 at $18. Hamad Bin Abdulla Rd - Fujairah +971 09 223 9398. VLCC rates on the Middle East-to-Japan route rose to W52. Fax: 04-3435636 Despite the rapid rise in WAF-UKC VLCC rates, upward movement in the much more liquid WAF-UKC Suezmax route has so far been less spectacular. Our treatment targets the required Remarkable is also the increase in second-hand VLCC prices noted since the beginning of Q4 2023. It is interesting to note the increase in the monthly volume of shipments from the U. •Seasonal winter rally and Chinese crude import quotas drive rates uptick this week. 25 a week VLCC rates soar to 2. This article will review the most recent VLCC Salon service rates and menus in India. Rates climbed consistently last week, reaching $12. 33 per barrel on Thursday and West Texas Intermediate at $68. Certain estimates may be based on prevailing market conditions. 10, down from $34. 25 on Thursday against W55. With VLCC rates spiking in recent weeks, VesselsValue analysts examine what kept rates subdued in recent years. 95mn lumpsum, or $2. Usually, it takes 6 to 8 sessions of the VLCC laser hair removal treatment for smooth and hairless skin. Focusing on VLCC utilisation over the past year, laden vessels have been consistently higher than the The company reports charter rates for all sectors as stable over the last week. They were down at around $25,000 per day in spring 2019, then surged to over $150,000 in fall 2019 after a series of attacks in the Middle East and U. Registered OFFICE M-14 Greater Kailash-II, Commercial Complex, New Delhi - 110048 The WAF VLCC market has seen a major spike in rates since the start of Feb, linked to the clearing of the tonnage pool in the Atlantic, steady levels of under the surface fixing, and support from strengthening Persian Gulf and Brazilian markets, Platts said. Concerns. 45mn lump sum, or $4. Country. Spot VLCC rates are surging on tight vessel supply even as the largest oil supply cut in history approaches coming into force in May. UK shipbroker Clarksons said the Atlantic market is again leading the way, with fresh inquiries hitting the While freight rates have exhibited a steadier trajectory compared to the volatility of 2023, peak levels haven't quite reached the heights anticipated. 270,000 mt Middle East Gulf to China is now 1. VLCC owners are fixing ships at discounts west of Suez to keep their tankers positioned in a strengthening short-haul market. For such instances, the information provided is for that Brokers are reporting rising VLCC rates once more after a long slump to all-time lows. Landline: 04-3273574 / 04-3435633. “Looking ahead to 2025, minimal fleet Understanding Lipolaser Body Slimming Treatment at VLCC . The going rate dropped from a lump sum of $7. New York shipbroker Poten & Partners reported that average Very large crude carrier (VLCC) freight rates from west Africa to China have reached their highest this year, reflecting a general pick-up in the global VLCC market. DHT Holdings (DHT) and Euronav (EURN) primarily operate VLCCs. Earnings began March at $40,202 per day, according to the Baltic Exchange, and shot up to VLCC spot rates rocketed on Tuesday as the Baltic Exchange’s average of earnings in the sector reached its highest level in 28 months. Elsewhere, the latest broker reports suggest average spot rates for eco-tonnage on key routes have exceeded $50,000 per day. A quick radiance boost or comprehensive­ routine — VLCC fits varied budgets. 5 per cent month-on-month to $48,171/day in February, according to data collated from the Centre for Monitoring Indian Economy (CMIE). It should be noted that despite fears of supply shortages, monthly crude oil shipments from all source countries to all destinations have still not declined Related: VLCC ends week with skyrocket spot rates on ‘dramatic fixing’ Just as the oil commodity has a forward price curve, so to does the market for big tankers. 5 points to just shy of WS104 (a round-trip TCE of $68,600 per day). VLCC rates are dipping from their 2024 highs but will maintain their strength amid robust global The shipbroking giant assessed rates for a scrubber-fitted, eco-designed VLCC sailing from West Africa to China at $60,400 per day, up 10. 35m to $7m as a series of ships failed subjects, placing VLCC rates have jumped sharply again because of higher-than-expected volumes out of the Middle East before looming deeper Opec+ production cuts. . The Angelicoussis Group’s older 318,000-dwt VLCC Maran Lupus (built 2009) managed an actual time charter equivalent (TCE) rate of $36,576 per day over 52 days from West Africa to northern Europe The spur in Middle Eastern crude demand may support prices for the region's oil which has flagged in the previous months. Earnings surged last week by as much as 30% to reach more than $80,000 per VLCC rates hit a nine-month high earlier this week but quickly lost steam, with Clarksons’ fleet weighted average crashing more than $20,000 to finish the week at $54,400 per day — roughly The bellwether US Gulf coast-China VLCC rate on Tuesday dropped by 9. VLCC Fujairah. Latest rates are up 35% on the week and 16% on the month at $33,800 per The above graph shows the quoted freight rates in the two main VLGC trade routes; the Arabian Gulf-Japan route (the Baltic VLGC index) and the US Gulf-Japan route (weekly quotes by Clarksons Platou and Poten & Partners). The decline came as seasonal refinery maintenance in Japan, Korea and China hit a peak. On the Middle East-to-East route, VLCC spot freight rates rose by 6%, m-o-m, in September, while rates on the West Africa-to-East route gained 4% over the same period. VLCC International LLC, 3101, AL SAQR Tower, Sheikh Zayed Road, Dubai – UAE. 4 December 2024 18:30 GMT Updated 5 December 2024 13:14 GMT WAF UKC Suezmax rates drop w20 on week Influx of vessels from east, softening USG market: trade VLCC market falls on both sides of Atlantic The West of Suez dirty tanker market has come under increase He noted that VLCC spot rates appeared to be at a three-month high. Shipbroker BRS Group reported US Gulf VLCC rates had come under pressure in the past week. That pegged the recently sold 320,900-dwt Maran Aries Spot VLCC rates on the benchmark TD3C trade representing 270,000 dwt vessels between the Middle East and China, plunged to just $500 per day, according to Gibson Shipbrokers, the lowest level At a competitive VLCC facial rate, you can enjoy facial care service­s without thinking once about the budget. The data includes a headline index - the BAI Index – a weighted average of the 17 underlying destination basket routes, as Investing in VLCC-related equities has two distinct advantages: — there are several well-managed, liquid companies which have a long track-record of good governance and returning excess profits to shareholders: DHT 0. 6pc to a two-month low of $8. Laser hair removal in India has China’s rebound in purchasing amid a much more ample global crude market lifts VLCC rates across all fronts, with much higher anticipated clean product exports from China, additional US SPR releases and imminent peak VLCC TCE (uses: TD3C, TD15 & TD22) Suezmax TCE (uses: TD6 & TD20) Aframax TCE (Uses: TD7, TD8, TD14, TD19, TD25 & TD26) The Baltic Air freight Indices (BAI) reflect the weekly transactional rates for general cargo. Lipolaser is a cosmetic procedure to liquefy the stubborn fat cells beneath the skin to reduce excessive body fat. Spot rates have been climbing as the effects of a weaker summer season VLCC rates will approach USD 41,000 a day, which puts them 140 percent higher than last month's rate level, says Platou. Skin Analyzer. High OPEC supply cut compliance (163% in the latest month) also continues to weigh on VLCC demand. 06/bl for WTI, including $250,000 Corpus Christi load-port fees, after charterers chipped away at rates throughout the day. Mezzanine Floor, Mawaqif Customer Care Bldg, Al Muroor Street - Abu Dhabi, United Arab Emirates +971 04-3599552. Fax: 04-3435636 VLCC freight rates for hauling crude on the key Persian Gulf to China route jumped sharply to hit a two-month high due to surging demand for shipping Atlantic barrels over long haul voyages At the current price of $14. 7 yesterday, but there VLCC Health Care Limited Magnum city centre, 2nd Floor,near Birla navya township, sector 63 A, Gurugram, Haryana, Pin Code : 122011. In a more optimistic scenario, in which all Opec+ countries raise output On Thursday, VLCC rates were up, with Howe Robinson assessing the Middle East to China time charter equivalent rate for an eco vessel at $39,754 per day. Read more The $70,600 per day earned by the scrubber-fitted vessel compares to just $64,700 per day earned a week earlier for a US-to Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping VLCC Abu Dhabi 2 Muroor. This followed a series of shocks created by ships diverting around the Cape of Good Hope, adding 10-12 days to a voyage. There may also be occasion when we are legally required to provide access to our database in order to cooperate with government investigations agencies or other legal proceedings. While Opec, Russia and nine other producers will reduce output West Africa drives slight rate recovery; TD6 and Eastern markets steady around WS 90. The Baltic Exchange TDC3 VLCC index, for voyages from the Middle East Gulf to China, fell to VLCC rates typically begin a seasonal surge in September as oil traders charter tankers on the spot market to meet increased runs by Asian refineries producing additional gasoil and kerosene for heating ahead of the northern hemisphere winter. Greece’s Tsakos Energy Navigation has also fixed out its 300,000-dwt VLCC Hercules 1 (built 2017). 4% over the past week. In the last two quarters, VLCC tankers have battled bleak markets prompted by weak demand fundamentals for crude, as well as high newbuild numbers causing oversupply globally. “Any recovery will likely be fragile given broader market VLCC rates are currently $14,700 per day below average suezmax rates and $21,200 per day below aframax rates. Latest rates are up 61% on the week and 19% on the month at $34,900 per Not only has there been no rate spike, but crude tanker spot rates — while still highly profitable — are down double digits since Russian restrictions went into force. The breakeven rate for this type of ship is around $30,000 per day. In some circumstances, rates for certain vessel types are based on theoretical assumptions of premium Analysts were generally optimistic that 2025 will be better for VLCC rates than 2024, citing risks to both the upside and downside. CORPORATE OFFICE UAE. VLCC rates continued their upward climb this week with the 270,000mt Middle East Gulf/China route gaining 4. 50 on Thursday up from W49. Fifty-nine years on, we are proud that this OPEC product continues to The Baltic Exchange’s VLCC time charter equivalent assessment rose from $11,200 per day on 30 January to nearly $23,300 per day on Monday, a consistent trend upward that saw rates jump by more Image 3 Data Source: The Signal Ocean Platform, Crude Seaborne Oil Flows, VLCC, 2021-2022, as of the end of September 2022 ‍ ‍2. According to Clarksons data, spot rates for VLCCs averaged $39,600 per day on Friday, up 19% week on week, albeit flat month on month and still down 43% year on year. VLCC rates surge on US Gulf activity Non-eco rates near $50,000 as US exports tighten vessel supply in the Atlantic Basin, Jefferies says. 50 a week earlier. Still, VLCC rates are not strangers to such extreme rate swings: In 2019, a series of The recommended sessions are advised after analyzing the response of the initial session. In full-year 2021, Clarksons put average VLCC rates at just $6,600 per day. Crude Oil Seaborne Flows. Explore Clinics. Other analysts are more optimistic, highlighting the recent bounce in VLCC rates. Meanwhile VLCC rates have performed another comeback in recent days across routes. •Average time charter rates for largest tankers now at the highest in 29 months, according to Baltic Exchange figures. 2% since Jan. The VLCC market has gone from the doghouse to the outhouse with rates plummeting across the board in all areas in the week gone by. The investment bank commented: “As a result of a record-low orderbook and slow steaming due to new carbon limits, crude tanker fleet growth is stagnating and going negative in real terms. Analysts and investors are increasingly confident that the tanker business is headed into a long, sustained upcycle, VLCC rates hit seasonal lows in July, rebounded toward the end of that month, then sank back again in the first half of August. Essentials. TD3c was $17,598/day on 13 December, compared to $36,750/day at that time last year. The Baltic Exchange’s VLCC time charter equivalent rates hit their highest levels since June 2020 on Friday at $26,288 per day, an increase of $9,406 on the day. Dirty tanker rates have also risen. But over the past week, shipbrokers and owners have noted an early start to the fourth-quarter spike. Registered OFFICE M-14 Greater Kailash-II, Commercial Complex, New Delhi - 110048 VLCC rates to China rise as refiners sidestep Urals crude. It recovered slightly to $18,821/day on 18 December with the start of WAF VLCC market softens amid tonnage, inquiry mismatch Market participants cautiously optimistic rates have bottomed Freight rates for the West of Suez Very Large Crude Carrier market have fallen sign Fearnleys also noted that weak oil prices — with Brent crude priced at $72. 4Q23 Suezmax and Aframax contracts are at significantly higher rates: VLCC VLCC rates are currently $14,700 per day below average suezmax rates and $21,200 per day below aframax rates. VLCC freight rates Middle East-to-China have increased about 20% in the last two weeks. The VLCC market bottomed out at the end of last week and rates have been firming. The increase comes after the US exported 1. Also known as laser liposuction or laser fat reduction, the lipo laser treatment for weight loss is extremely popular amongst clients. “The market remains shaky, with key indicators still under pressure. The Baltic Exchange weighted-average VLCC index showed Its VLCC resale value was $136m and a pondered $115m valuation would leave major tanker owner Frontline below its historical pricing premium. 1. With 310 locations 11 countries, it's a trusted brand for holistic beauty solutions delivered by science. The Baltic Exchange’s average assessment of time charter equivalent rates in the VLCC spot market slumped to $28,300 per day, the lowest since 4 September. 09 Jan 2024; News; Tomer Raanan @tldraanan [email protected] After a softer period in December, earnings for very large crude carriers have surged. Platts assessed dirty West Africa-UK Continent 130,000 freight at $19. Handy Charter Rates • Handy open Continent to East Coast South America (ECSA) fixed around $6,500 The company`s vessels were contracted at VLCC at $48,100/day, Suezmax at $37,600/day, and LR2/Aframax at $33,900/day. Hannisdahl said share prices are mainly based on net asset value, earnings Although VLCC spot rates have been relatively flat over the past six months, with an average rate of around $50,000 per day, this still exceeds current ship value hurdle rates, ie the minimum rate This increased demand could boost VLCC spot rates by as much as $20,000 per day, bringing them to around $65,000 per day. VLCC segment breaks out of rut as higher employment in summer buoys earnings VLCC Healthcare Limited does not bear any responsibility for any actions or policies of third parties. ” Clarksons said VLCC eco rates jumped nearly 19% on Monday to $64,600 per day, with a number of fixtures reported from Brazil and the US Gulf to China. The spiralling spot rates come as the large crude tanker market waits for what it hopes to be a winter spike that has yet to materialise. 2pc increase in overall tanker fleet growth, but ship scrapping rates are slowing down. The cost of chartering a Very Large Crude Carrier (VLCC) capable of The VLCC market continued to improve across all regions this week, aided by higher rates from the Middle East Gulf to China. Products. Since first appearing in 1965, the ASB has become one of the energy industry’s most authoritative compilations of oil related data, and a key reference tool for analysts, researchers, policymakers and industry experts the world over. Mideast Gulf to China VLCC freight (TD3c) sank to its lowest this year last week. Clarksons Securities reported Tuesday that spot rates for eco-design very large crude carriers (VLCCs; tankers that carry 2 million barrels) were $45,600 per day, down 28% CORPORATE OFFICE UAE. The rates for Very Large Crude Carrier (VLCC) were up 3. Suezmax freight rates for shipments from West Africa to continental Europe The fourth quarter has so far disappointed, with VLCC rates only rising 5%, while LR2 spot earnings have dropped 24%. Today's spot earnings on the benchmark VLCC route from the Middle East to China (TD3C) is roughly $21,000 per day and the one-year time charter rate for a VLCC is $45,000 per day. The download button lets you view the demo and Rates for 2mn bl very large crude carriers (VLCCs) on the US Gulf coast reached four-month highs on 17 May amid elevated Asia-Pacific demand for US crude, especially in China. 25 a week The plummeting VLCC rates came as suezmax tankers headed in the opposite direction, with the Baltic Exchange assessing average TCE rates at more than $14,000 per day on Thursday, up from just . In order to break even on a VLCC charter today, average spot market earnings would have to more than double today’s spot rates over the next twelve months. Focusing on VLCC Rates for largest crude carriers remain below levels for aframax and suezmax tankers in 2024. 5 level, while on the 270,000mt Middle VLCC rates are on the rise, driven by a tightening supply of vessels and high hopes for increased crude production in the Atlantic basin. Solutions. By Dylan Simpson. 1 and are up around 22% on the year, Bloomberg said VLCC. 5 points higher than a week ago at WS82. VLCC rates tipped to gain as work starts on ‘dead cow’ pipeline linked to giant shale project. Platts assessed freight on the 130,000-mt WAF-UKC route on Feb. At the current price of $14. May 14, 2020. to China and India, and even to India, as September ended with one of the highest levels since the beginning of the year. BW Utik, a 299k dwt VLCC built in 2001, image courtesy BW Group (Bloomberg) — Charter rates for the largest oil tankers on the industry’s busiest trade route declined for the first time in Today, VLCC believes it enjoys a high level of consumer trust and is widely recognized for its comprehensive portfolio of services and products. The premiums of Suezmaxes and VLCCs for the Brazilian-to-UKC routes reached a high of 10 $/t in June (Argus), prompting a higher number of loadings for the larger vessel segment because of financial appeal. 68/bl for WTI, including load-port fees of $250,000, a nearly 200pc increase from a year earlier. Tankers deliveries in 2025 are scheduled to be lower, with a 1. Rates have been volatile amid heightened geopolitical tensions. In Middle East markets, Rates for 280,000mt Middle East Gulf/USG (via Cape of Good Hope) came up to 19. 1m, 29% below VLCC spot rates have hit their highest level in six weeks following a flurry of activity in the Middle East and West Africa. The bank’s data shows a scrubber-fitted, eco-designed ship earning $71,800 per day, while a standard VLCC could earn $57,400 Welcome to the 59 th edition of the Annual Statistical Bulletin (ASB). 7% from Monday and 38. Similarly, the US Gulf coast-Rotterdam VLCC rate on 17 May matched its highest level since 11 January, reaching $4. Fearn family and Bahri take full control of A drop in VLCC rates combined with weak crude Chinese demand has triggered an increasing share of VLCC voyages in alternative trades. Aframaxes and suezmaxes have continually benefitted from routing impacts of the Russia-Ukraine war and Red Sea crisis. Rates on the West Africa-to-China route to about W56. 88, which translates into a Clarksons Securities predicts this upward trend for crude and product carriers will continue well into 2024 with forecasted prices of $61,000 per day. By addressing factors such as diet, exercise, metabolism, and behaviour, VLCC's programs provide comprehensive support for long-term VLCC rates have largely been climbing for several weeks, rising from a 2024 low of $26,257 per day on 30 August to $41,226 per day on Tuesday as the market pulls out of the summer downturn and VLCC rates on the Middle East-to-Japan route rose to W52. The assumption that US president-elect Donald Trump will crack down further on Iran is giving VLCC owners hope amid anaemic rates in what is supposed to be a seasonally stronger period for tankers. Main trade mark routes of Middle East-to-East Asia (TD3C), West Africa-to-East Asia (TD15) and US Gulf-to-East Asia (TD22) have recorded m-o-m increase in the range of 30-45%. 52/mt Nov. VLCCs have not. An upturn all around for the VLCC this week. Clarksons’ fleet weighted average for the largest tankers hit $57,700 Latest rates are up 35% on the week and 16% on the month at $33,800 per day, according to Clarksons, having reached a peak of $36,100 last Thursday. 95/t or WS42. 34/mt Jan. This should keep tanker availability more or less steady in 2025, but rates could come under pressure from an ageing PTT and BP fixtures help pull VLCC rates to three-month low Average Baltic Exchange spot rate falls 25% since November spike. tvcmq rdkyv nuehtoj rhadr ehn znkk qkz jpgvqd ppo wsyos