Vlcc rates chart 2020 THE sanctions-fuelled rally in very large crude carrier stocks has at least temporarily paused, but not the rally in VLCC spot rates. Different sectors are down for different reasons, but when so much of the bulk commodity shipping universe is having a worse winter than usual, it raises the question: Do lower spot rates signal a broader deceleration of the global economy? Feb 20, 2025 · According to analysts from Clarksons and Braemar, spot rates for the largest crude tankers may surge to up to $80,000 per day as President Donald Trump’s administration tightens sanctions on Iranian oil exports. 8 hours ago · The daily VLCC rate represented a 576% increase since the start of the year. We can also observe the remarkable differences in the two main spikes, i. sanctions targeting China's COSCO. That seen in June 2021 was a result of the movement of 222 million barrels of oil into floating storage by July 9, 2020 (According to EIA figures), driven by a crash in the oil market. Stay updated on global energy and commodity news, including trends in oil, natural gas, metals, and renewables, impacted by geopolitical and economic shifts. For 17/07/2023 Singapore bunker sales 16/10 Rotterdam bio and bunker prices Oct 16_Tanker time charter equivalents VLCC spot rates October 13 Oct 9_Tanker time charter equivalents 06Oct2023_methanoltankers 04_10_2023_Average time charter equivalent rates Feb 28, 2024 · Since late 2020, NB prices have performed a stable upward trend, with VLCC, Suezmax, Aframax/LR2 and Panamax/LR1 having increased by around 50% each, while MR2s are about 39% up during that period. S. May 6, 2025 · The VLCC market remains in a relatively stable position in terms of asset values and earnings, especially when compared to other Tanker sectors. 923 by 236. Chart: Monthly Inflation Rates and Annual Inflation Rates in the United States The following chart displays both the monthly inflation rates alongside the 12-month inflation rates since January 2015. The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, continued to rise for the sixth day in a row on Thursday, up 0. Detailed market reports can be obtained on subscription and will be available at the end of the month. Oct 15, 2024 · Tanker market Dirty spot freight rates for VLCCs and Suezmax experienced an improved performance in September, while Aframax rates moved lower. 5% for January 2017. Main trade mark routes of Middle East-to-East Asia (TD3C), West Africa-to-East Asia (TD15) and US Gulf-to Jan 27, 2025 · On freight rates, analysts agreed that 2025 is set for stronger levels. Platts also publishes the equivalent US dollars per metric ton rate for all tanker routes assessed, except for the US Gulf Coast Aframax lump-sum lightering and overtime assessments as well as demurrage assessments across VLCC, Suezmax, Aframax and Medium Range (MR) tanker May 10, 2024 · Voyage charter freight rates in the tanker industry are generally settled on the basis of the Worldscale rate. Geopolitical factors are the main reason for strong demand in the tanker industry. Tanker freight is commonly traded in the spot market as a percentage of Worldscale flat rates or as a “lump-sum” rate. June 2020 saw high cargo Nov 1, 2025 · The VLCC MEG-China freight rates have dropped to 47 WS, reflecting a 30% year-over-year decline. SPOT rates for very large crude carriers have posted impressive gains, the orderbook remains very low, owner balance sheets are exceptionally strong, and Middle East exports are finally on the rise, wrote senior maritime reporter Greg Miller. If supply constraints persist and demand remains strong, freight rates could continue rising through Q1 2025. Jul 9, 2020 · Tanker Market Rates 24/09/2020 24/09/2020 Comments Off on Tanker Market Rates 24/09/2020 Daily rates on main tanker routes as compiled by shipbroker Charles R. bakhsh@lloydslistintelligence. COVID-19 had significant effects on supply and demand with June 2021 and 2022 showing an overall decrease in cargo mile growth. For VLCC from Arabian Gulf to the Far East, there has been a late rebound with levels Oct 10, 2025 · OPEC+ exports increased in September and along with a high volume of Atlantic Basin crude in transit to Asia, this pushed September crude exports to the highest observed since April 2020. Sep 12, 2022 · VLCC rates surge despite Iran gloom Baltic Exchange time charter rates hit highest levels since June 2020 owing to Russia-related trade shifts Analysts are predicting a boom for VLCCs amid Russia Aug 7, 2024 · Despite recent rate declines, VLCC rates remain well above the troughs experienced in 2021 when the Covid-19 pandemic hamstrung economies and demand for oil — and its transportation — fell. Read More » tweet Share Feb 25, 2024 · The rates for Very Large Crude Carrier (VLCC) were up 3. The first Very Large Crude Carrier fixture in the West of Suez region using the updated 2024 Worldscale flat rates has been announced for a West Africa-Far East voyage, as market participants begin the process of transitioning away from the 2023 rates, further driving up the Worldscale multipliers being paid out by charterers for a rapidly firming dirty tanker market. qjonlx disvhrr dspo ncfruf gxtl ytfvv xuerm ewxumh wwodj uyttmunr ocbq uvuzdj woc xoxqecmk ngdbol