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Märkte | Markets
Märkte | Markets Tankers Spot Earnings for crude tankers saw a slight overall decline based on the Baltic Dirty Tanker Index. However, developments were quite uneven across the size classes, with VLCC rates adjusting down quite substantially whereas Suezmax levels went up and Aframaxes trended a touch firmer as well. 120,000 100,000 80,000 60,000 Spot market rates average earnings $/day (24.03.2017) VLCC c. 2010-built vessel from 2009 onwards, previously c.2000-built vessel. Suezmax c. 2010-built vessel from 2009 onwards, previously c.2000-built vessel. Aframax c. 2010-built vessel from 2009 onwards, previously c.2000-built vessel. VLCC Suezmax Aframax 12,790 22,700 18,630 Avg. Spot Earnings $/day 40,000 20,000 0 Feb-16 May-16 Aug-16 Nov-16 Feb-17 22,700 18,630 12,790 Clarksons Period 60,000 55,000 50,000 45,000 40,000 Period rates $/day (24.03.2017) VLCC 310k dwt Suezmax 150k dwt Aframax 110-115k dwt Panamax 74k dwt, products Period rates for crude tankers have been slipping across the board as the northern hemisphere winter (peak demand!) comes to an end. As HANSA goes to press, one year business for VLCC is rated at around 27,000 $ – down from 27,500 $ a month earlier. Levels for suezmaxes and aframaxes fell more sharply to around 19,500 $ (from 21,500 $) and 16,000 $ (17,250 $), respectively. 35,000 30,000 25,000 20,000 15,000 10,000 Feb-16 May-16 Aug-16 Nov-16 Feb-17 26,500 18,000 16,000 12,750 VLCC Suezmax Aframax Panamax 26,500 18,000 16,000 12,750 1-Year Timecharter Rate, $/day Second hand Prices for tankers are a tad softer again, but with more deal activity taking place in the second half of March, the highlight being the acquisition of BW Group’s 11-strong VLCC fleet by DHT. Prices for 5-year old 300,000 dwt VLCC are reportedly stable at around 61.0 mill. $ while suezmaxes and aframaxes are assessed marginally cheaper at 41.3 mill. $ and 30 mill. $ 60.00 50.00 40.00 Second hand prices in mill. $ (10 years old, 24.03.2017) 42.00 VLCC 42.00 Suezmax 27.50 Aframax 18.00 Panamax 17.00 Secondhand Prices, mill. $, 10 year old 30.00 20.00 VLCC 310k dwt Suezmax 150k dwt Aframax 110-115k dwt Panamax 74k dwt, products 10.00 Feb-16 May-16 Aug-16 Nov-16 Feb-17 27.50 18.00 17.00 18 HANSA International Maritime Journal – 154. Jahrgang – 2017 – Nr. 4
Märkte | Markets Bunker | Currency Intermediate Fuel Oil (IFO 380cst in $/t) 2.00 Euro zone interest rates 450.00 350.00 Date 17.03.2017 N Rotterdam = 273.00 N Singapore = 294.50 N Houston = 296.00 Deutsche Calpam GmbH www.calpam.de 1.50 1.00 Date 17.03.2017 N Bunds (10-year) = 0.45 N EURIBOR (3-month) = -0.33 250.00 0.50 150.00 0.00 50.00 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 -0.50 Source: Reuters EcoWin Pro 700.00 Marine Gas Oil (MGO in $/t) 1.60 Foreign exchange rates 160 600.00 Date 17.03.2017 N Rotterdam = 431.00 N Singapore = 462.50 N Houston = 492.00 Deutsche Calpam GmbH www.calpam.de 1.50 1.40 150 140 500.00 1.30 130 1.20 120 400.00 300.00 1.10 1.00 Date 17.03.2017 N EUR/CHF = 1.07 N EUR/USD = 1.07 N EUR/JPY = 122 110 100 0.90 Source: Reuters EcoWin Pro 90 200.00 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Organised by: 7–9 June 2017, the Netherlands Partners: 5th annual series of on-site visits to terminals in ARA region and professional experience exchange programme On-site visits 2017: Programme key features: Breakbulk 1/2 quer in Gegengeschäft • 40+ hours of business networking with 100+ top managers of the leading terminals, traders, oil and transportation companies from Europe, USA, Africa, Russia and CIS • Meeting with investors: discussing investment opportunities for your business with the leading banks, financial corporations and investments funds • Round tables discussions with traders: searching for the business strategies for win-win cooperation • Practical workshops: case studies in successful terminal business management: design and operations, products flow – supply and demand, contango and backwardation, blending, demurrage, business cooperation with traders, opportunities for investors • Models of high effective strategies of business management: experience exchange with colleagues from Europe, USA, Asia, Africa, Russia and CIS. • Speed networking: interactive business cards exchange with all the participants of the event +44 207 394 30 90 (London), events@vostockcapital.com HANSA International www.oilterminalmanagement.com Maritime Journal – 154. Jahrgang – 2017 – Nr. 4 19
