This type of ship is hot, and the rent is 65,000 US dollars per day!
- Author:sofreight.com
- Release Date:2022-08-25
Since June of this year, VLCC's income has continued to rise, and has been rated as the most impressive summer rebound in the industry by Castor Analytics in the industry.
From the beginning of June to mid -August, the VLCC period rents a daily increase (TCE) rose 65,000 US dollars a day, eventually getting rid of the industry's loss in the first half of the year. Even VLCC, which has not been installed, now has a daily income of more than 40,000 US dollars, which is a great non -seasonal change.
Although lower fuel prices contribute about 15%to higher TCEs, the most important factor for promoting the rise, Castor Analytics analysis believes that it is an unprecedented growth of ship demand.
Since mid -June, crude oil freight volume has increased by 27.1%, and ship demand has increased by 24.4%, but the most noticeable thing is that the exports of the United States Gulf have almost doubled at the same time. Almost every crude oil export and imported areas are recorded. Insurance, two imported areas have attracted much attention -Europe and China. The significant growth of European crude oil imports is the direct consequence of Russia and Ukraine's conflict, but the growth of Chinese crude oil imports is due to the reconstruction of inventory.
There are never so many VLCC crude oil imports in Europe.
"Europe has never had so many VLCC crude oil imports. Since the 1990s, European crude oil imports have become an important part of the global demand for VLCC for the first time." Castor Analytics stated in a new report. "This has led to the VLCC fleet. Geographical decentralization and the supply of Suez's east areas are even more tense, which has promoted the higher -fear index 'of the charterer. "
A new report from the oil tanker agent Gibson states: "The current comprehensive inquiry of the tanker tonnage is common, but the difference between the price and the difference between the buyers and the seller also make the transaction difficult."
Gibson pointed out: "As the tenants seek to optimize their freight costs, VLCC's trading model has changed, and more and more is used in voyages from the Americas and Africa to Europe."
Clarksons also said that the shipowner's emotions have been firm, pushing the VLCC market to the highest level since the first half of 2020.
Looking forward to the future, Gibson said that due to the strong demand for Chinese crude oil, and the US low oil price is expected to be attractive to international buyers, it seems to support the fundamentals in the short term. At the same time, European buyers are replacing more numbers of Russian crude oil before the European Union has suspended most crude oil from Russia on December 5.
In the long run, the scarce orders of oil tankers have also brought hope for the long -term bull market of VLCC.
"In the context of the recovery of the tanker market, there is a very interesting factors, that is, the oil order order on the shipbuilding market is almost completely absent." Poten & PARTNER pointed out that the last time the shipowner ordered the VLCC was 2021 14 months ago 2021 a few months ago. June. One month later, in July 2021, the last batch of Suez -type oil tankers signed a contract. The last VLCC ordered by the last VLCC 14 months ago was worth $ 93 million. Now, Poten & Partner evaluates the contract price of the same ship is 119 million US dollars, an increase of 28%.
From the beginning of June to mid -August, the VLCC period rents a daily increase (TCE) rose 65,000 US dollars a day, eventually getting rid of the industry's loss in the first half of the year. Even VLCC, which has not been installed, now has a daily income of more than 40,000 US dollars, which is a great non -seasonal change.
Although lower fuel prices contribute about 15%to higher TCEs, the most important factor for promoting the rise, Castor Analytics analysis believes that it is an unprecedented growth of ship demand.
Since mid -June, crude oil freight volume has increased by 27.1%, and ship demand has increased by 24.4%, but the most noticeable thing is that the exports of the United States Gulf have almost doubled at the same time. Almost every crude oil export and imported areas are recorded. Insurance, two imported areas have attracted much attention -Europe and China. The significant growth of European crude oil imports is the direct consequence of Russia and Ukraine's conflict, but the growth of Chinese crude oil imports is due to the reconstruction of inventory.
There are never so many VLCC crude oil imports in Europe.
"Europe has never had so many VLCC crude oil imports. Since the 1990s, European crude oil imports have become an important part of the global demand for VLCC for the first time." Castor Analytics stated in a new report. "This has led to the VLCC fleet. Geographical decentralization and the supply of Suez's east areas are even more tense, which has promoted the higher -fear index 'of the charterer. "
A new report from the oil tanker agent Gibson states: "The current comprehensive inquiry of the tanker tonnage is common, but the difference between the price and the difference between the buyers and the seller also make the transaction difficult."
Gibson pointed out: "As the tenants seek to optimize their freight costs, VLCC's trading model has changed, and more and more is used in voyages from the Americas and Africa to Europe."
Clarksons also said that the shipowner's emotions have been firm, pushing the VLCC market to the highest level since the first half of 2020.
Looking forward to the future, Gibson said that due to the strong demand for Chinese crude oil, and the US low oil price is expected to be attractive to international buyers, it seems to support the fundamentals in the short term. At the same time, European buyers are replacing more numbers of Russian crude oil before the European Union has suspended most crude oil from Russia on December 5.
In the long run, the scarce orders of oil tankers have also brought hope for the long -term bull market of VLCC.
"In the context of the recovery of the tanker market, there is a very interesting factors, that is, the oil order order on the shipbuilding market is almost completely absent." Poten & PARTNER pointed out that the last time the shipowner ordered the VLCC was 2021 14 months ago 2021 a few months ago. June. One month later, in July 2021, the last batch of Suez -type oil tankers signed a contract. The last VLCC ordered by the last VLCC 14 months ago was worth $ 93 million. Now, Poten & Partner evaluates the contract price of the same ship is 119 million US dollars, an increase of 28%.