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30 resultados para “vlcc”

How long can the million-dollar VLCC market last?

How long can the million-dollar VLCC market last?

The VLCC market has reached levels that would have sounded absurd only months ago. Middle East-China earnings have pushed beyond $1m a day, Atlantic routes have surged into the hundreds of thousands and secondhand values have exploded to the point where rust-stained 15-year-old VLCCs are changing hands for more than newbuilds. The argument now dividing …

Helena Marsh

VINTAGETONNAGECAPTURESTRADE FLOW INSIGHT

Vintage Tonnage Captures the Freight Premium

The defining feature of the current asset market is not limited to five-year-old tonnage trading above newbuilding prices. Repricing spans the entire age curve and intensifies with vessel age. VLCC values are up 30% year-over-year at five years, 42% at ten years, 61% at fifteen years, and 90% at twenty years. The Suezmax curve shows ...

Helena Marsh

Houthi strike hits Saudi VLCC off Yanbu

Houthi strike hits Saudi VLCC off Yanbu

A Saudi-owned VLCC has been struck off Yanbu in the northern Red Sea, extending the Houthi campaign against Saudi shipping to one of the kingdom’s most important alternative crude export routes. The 320,926 dwt Amzan was hit around 63 nautical miles west of Yanbu on August 24. UK Maritime Trade Operations said an unknown projectile …

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