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    Weekly Tanker Report - Week 13 - Draft

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    Mai Pham
    This weekly tanker market report summarizes recent spot rate changes in the tanker market and notes increases in VLCC, Suezmax, and Aframax rates. It also discusses recent vessel sales transactions and cargo fixtures. Demand drivers discussed include a drawdown in US crude stocks, increases in US gasoline and distillate inventories, and tightening middle distillate inventories in Singapore. Northwest European diesel margins declined on weak buying activity.

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    Weekly Tanker Report - Week 13 - Draft

    Uploaded by

    Mai Pham
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    This weekly tanker market report summarizes recent spot rate changes in the tanker market and notes increases in VLCC, Suezmax, and Aframax rates. It also discusses recent vessel sales transactions and cargo fixtures. Demand drivers discussed include a drawdown in US crude stocks, increases in US gasoline and distillate inventories, and tightening middle distillate inventories in Singapore. Northwest European diesel margins declined on weak buying activity.

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    This weekly tanker market report summarizes recent spot rate changes in the tanker market and notes increases in VLCC, Suezmax, and Aframax rates. It also discusses recent vessel sales transactions and cargo fixtures. Demand drivers discussed include a drawdown in US crude stocks, increases in US gasoline and distillate inventories, and tightening middle distillate inventories in Singapore. Northwest European diesel margins declined on weak buying activity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    6 views3 pages

    Weekly Tanker Report - Week 13 - Draft

    Uploaded by

    Mai Pham
    This weekly tanker market report summarizes recent spot rate changes in the tanker market and notes increases in VLCC, Suezmax, and Aframax rates. It also discusses recent vessel sales transactions and cargo fixtures. Demand drivers discussed include a drawdown in US crude stocks, increases in US gasoline and distillate inventories, and tightening middle distillate inventories in Singapore. Northwest European diesel margins declined on weak buying activity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Weekly Tanker Market Report

    Week 13, 2022


    28 March-1 April
    © 2022 Maersk Broker K/S. All rights reserved.

    Rates & Prices Recent Sales


    USD/day (rates), USD mill. (prices) USD mill.
    Spot Rates Time Charter Rates Asset Prices
    Vessel DWT Built Yard Seller Buyer Price Notes
    Vessel & Route 31-Mar-22 Change 1 year Change 3 years Change NB Korea 5-year-old
    Sti Carnaby Advantage 86.00
    VLCC (ECO) [TD3C] -8,652 +10,275 22,000 - 34,500 - 105.0 76.0 109,999 2015 Sungdong Scorpio Scrubber & BWTS fitted
    Sti Savile Row Tankers Enbloc
    Suezmax (ECO) [Basket] 37,779 +1,848 21,500 - 24,500 - 68.0 48.0
    Sti Benicia 49,990 2014 SPP Scorpio Undisclosed 26.50 Scrubber & BWTS fitted
    Aframax (ECO) [Basket] 52,837 +26,099 20,500 - 21,500 - 59.0 44.0
    Challenge Pegasus 47,787 2007 STX NYK Greeks 12.70 BWTS Fitted
    LR2 (ECO) [TC1] 15,783 -3,096 20,750 - 21,500 - 61.0 46.0
    Da Yuan Hu 159,149 2004 Bohi COSCO Undisclosed 16.50 Dely China for DD
    LR1 (ECO) [TC5] 16,703 219 17,000 - 17,500 - 47.0 34.0

    MR (ECO) [Atlantic] 25,713 +10,210


    16,500 - 15,750 - 39.0 31.0
    MR (ECO) [Pacific] 20,872 +2,429

    Handysize [TC6] 18,144 +1,546 12,000 - 14,000 - 35.0 26.0


    Non-scrubber vessels and IMO 3 for Eco-design, tier III and no
    Changes are Thu vs. Thu Source: Baltic Exchange
    MR/Handy scrubber

    Demand Drivers Recent Fixtures


    USD/day
    Vessel DWT Built Yard Period Rate Charterer Notes
    • This week, U.S. crude stocks fell while gasoline and distillate inventories rose. Crude inventories fell by 3.4 million
    Fpmc C Noble 297,258 2012 Universal 12 Months 23,000 Navig8 Scrubber
    barrels to 410 million barrels. At the same time, U.S. gasoline stocks rose by 785,000 barrels to 238.8 million
    barrels, while distillate stockpiles rose by 1.4 million barrels to 113.5 million barrels. SKS Dokka (CPP) 119,950 2010 Hyundai Samho 12 Months 24,000 Monjasa

    • Cash premiums for 10 ppm gasoil have climbed by 66% in the last two weeks and have reached a three-week high Stealth Berana 115,897 2010 Samsung 6 Months 26,000 UNIPEC KOZMINO
    of USD 6.99/bbl Thursday this week, supported by steady cargo demand in a tight market. Cash premiums were at Pacific Tamerlane (CPP) 49,999 2022 Onomichi 4-6 Months 20,000 Novatek
    premium of USD 6.94/bbl on Wednesday. At the same time, jet fuel cracks fell by 29 cents to USD 25.16/bbl on
    Thursday, caused by worries that renewed lockdowns in China would stall the region's demand recovery. Torm Troilus (CPP) 49,667 2016 Sungdong 6 Months 21,500 Weco Scrubber

    Sti Carnaby (CPP)


    • This week, middle distillate inventories in Singapore slid by 7.2% to their lowest level in more than eight years. 109,999 2015 Sungdong 5 Years 22,500 Trafigura
    Middle distillate stocks dropped by 545,000 barrels to 7.05 million barrels, which is a level not seen since Dec. 11, Sti Savile Row (CPP)
    2013, when they touched a low of 6.8 million barrels.

    • This week, Northwest European diesel profit margins declined to USD 41.6/bbl amid a broad sell-off in energy
    futures and very thin buying activity in the region. Diesel from Russian refineries was arriving in the region,
    however there was little interest in buying it due to company restrictions.

    Source: Reuters

    Page 2
    Weekly Tanker Market Report
    This report and/or presentation is based on our knowledge of relevant market conditions. Our estimates are made on
    the basis of this knowledge, but other circumstances, or new circumstances, as well as general uncertainty could cause
    the market to develop differently. We take general reservation for misprints. Maersk Broker is not responsible or liable
    for any damages or losses resulting or arising directly or indirectly from your use of the report
    © All rights reserved. No part of this publication may be reproduced in any material form (including photocopying or
    storing it in any medium by electronic means) without the written permission of the copyright owner. Likewise, any
    quoting is prohibited without the written permission of the copyright owner.

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