Oil tanker charter rates 2020

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.

Cheap oil sends tanker rates soaring. As high-flying as the end of 2019 was, as suddenly the tanker market has plunged in early 2020. Frontline CEO Robert Hvide Macleod says it at times has felt like "a horror movie". But the shipping company is still making money in today's market, he notes. Tanker charter rates have plunged more than 80% as the coronavirus outbreak slams the brakes on major economies, costing the sector hundreds of millions of Read More February 25, 2020 It’s never ideal if you own a fleet of crude tankers and the world’s oil producers remove millions of barrels of cargo from the market to avert a glut. Nor is a collapse in charter rates Global shipping prices, market and other tanker information. Visit to learn more about our pricing and industry coverage of the bunker and marine industry. Teekay has developed from a regional shipping company into one of the world’s largest marine energy transportation, storage & production companies. The spread of the virus is spreading not only fear but oil demand destruction and horror thinking about potential demand destruction to come. Oil Tanker Charter Rates Plunged More Than 80% On

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.

5 days ago Geopolitical Tensions Could Mean Soaring Oil Tanker Charter Rates. As Russia Tries to Hurt the US - Ship Owners Could be the Winners. The African upstream may be well placed to benefit from IMO 2020, but it poses Tanker owners have launched an initiative to improve charter rates, which they  Very large crude carrier (VLCC) time charter equivalent (TCE) rates are predicted to rise Demand for oil shipments is also expected to rise following IMO 2020. 11 Mar 2020 New tanker charter contracts at extremely high rates confirm that a large wave of Saudi oil is definitely en route. Rates for VLCCs (very large  Tanker shipping: freight rates drop as strong seasonality fades and high fleet growth and coronavirus uncertainty hits. 25 February 2020.

22 Jan 2020 The crude market has dropped off this week, VLCC rates have fallen across all periods and the average rate for a VLCC for one year is 

2 Aug 2018 While the demolition surge reflects the worst charter rates for owners in decades, Oil tanker owners are scrapping the most ships in decades In 2020, most merchant ships will start using fuel with a maximum sulfur content  12 Nov 2019 currencies, changes in charter hire rates and vessel values, changes in demand of oil carried by oil tankers, the effect of changes in OPEC's IMO 2020 sulfur regulation, Middle East refinery expansions and low order book  12 Mar 2019 TORM: Product Tanker Market to Benefit from 2020 Sulphur Cap the product tanker market by increasing demand for clean petroleum products For the full year 2018, TORM achieved time charter equivalent (TCE) rates of  10 Oct 2019 On the rise in oil tanker rates, Maybank said it believes the sharp run-up in In early October, the spot charter rates for VLCC, Suezmax and Aframax may lead to a tighter supply and higher YoY tanker rates in 2020," it said. Tanker owners could see higher charter rates as vessels docked for scrubber work Maritime Organization's 0.5% cap on sulphur emissions from January 2020. because of production cutbacks by oil producers have depressed freight rates.

5 days ago Saudi Arabia is snapping up more and more oil tankers as the kingdom prepares to flood the world with crude causing a surge in the cost of transporting crude. March 13, 2020, 9:33 AM PDT Updated on March 13, 2020, 5:00 PM PDT charter rates to their highest level in 5 months, with tanker owners 

Saudis Send Oil Tanker Rates Soaring With Huge Booking Spree By . That’s pushed charter rates to their highest level in 5 months, with tanker owners hoping to profit as long as the price war The introduction of the new higher 2020 Worldscale (WS) flat rates saw rates adjust downwards, accordingly with the market. 270,000mt Middle East Gulf to China is now hovering in the low to mid The spread of the virus is spreading not only fear but oil demand destruction and horror thinking about potential demand destruction to come. Oil Tanker Charter Rates Plunged More Than 80% On Coronavirus Outbreak | Futures

With a long and well respected history in the ship brokerage industry to draw on we services to international oil, marine, trading and financial clients worldwide. Charles R. Weber covers everything from tanker voyage charter, bareboat, and Saturday March 14 2020. Trade, Cargo. Sentiment. Rate. VLCC. TD1 (WS).

Daily Briefing March 18 2020 Free to read: Saudis in VLCC chartering spree as oil war escalates | Extended oil price war could Free to read: Lower West Africa ship charters trigger tanker earnings collapse | MSC confirms options for five  11 Mar 2020 March 11 2020. Print this page. Rates to hire large oil tankers have surged in the wake of Saudi Arabia's decision to flood the The average cost of chartering a very large crude carrier, capable of holding at least 2m barrels  5 days ago Saudi Arabia is snapping up more and more oil tankers as the kingdom prepares to flood the world with crude causing a surge in the cost of transporting crude. March 13, 2020, 9:33 AM PDT Updated on March 13, 2020, 5:00 PM PDT charter rates to their highest level in 5 months, with tanker owners  5 days ago Geopolitical Tensions Could Mean Soaring Oil Tanker Charter Rates. As Russia Tries to Hurt the US - Ship Owners Could be the Winners.

Since 2016 crude tankers have seen a precipitous drop in charter rates. Recently, we discussed the role that a large influx of vessels played in distorting the of the 2020 Sulfur Cap on the Cheap oil sends tanker rates soaring. As high-flying as the end of 2019 was, as suddenly the tanker market has plunged in early 2020. Frontline CEO Robert Hvide Macleod says it at times has felt like "a horror movie". But the shipping company is still making money in today's market, he notes. Tanker charter rates have plunged more than 80% as the coronavirus outbreak slams the brakes on major economies, costing the sector hundreds of millions of Read More February 25, 2020 It’s never ideal if you own a fleet of crude tankers and the world’s oil producers remove millions of barrels of cargo from the market to avert a glut. Nor is a collapse in charter rates Global shipping prices, market and other tanker information. Visit to learn more about our pricing and industry coverage of the bunker and marine industry.