Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
BreamerSeascope_CharteringReport_20130328

BreamerSeascope_CharteringReport_20130328

Ratings: (0)|Views: 9|Likes:
Published by captain maan

More info:

Published by: captain maan on Apr 02, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

08/26/2013

pdf

text

original

 
 
All details given in good faith but without guarantee
 
Deep Sea Tankers
 
+44 (0)20 7535 2626
 
Dry Cargo Chartering +44 (0)20 7535 2666
 
Container Chartering +44 (0)20 7535 2867
 
   W  e  e   k   l  y   C   h  a  r   t  e  r   i  n  g   R  e  p  o  r   t
Braemar Seascope
 
Thursday, 28 March 2013
 
Market Indicator 
 
Wet*
27-Mar-13Feb AvgAvg YTD2012 Avg
TCE (US$/Day)TCE (US$/Day)TCE (US$/Day)TCE (US$/Day)
260,000 NHC AG/EAST TD3
-6,000-10,500-5,00011,000
130,000 NHC WAFR/USAC TD5
7,5003,5005,00012,000
80,000 NHC NSEA/CONTTD7
14,0004,5006,5007,500
55,000 CLN AG/JAPANTC5
17,5004,5009,0008,500
37,000 CLN CONT/USACTC2
12,00018,00016,50010,000
38,000 CLN CARIB/USACTC3
10,00011,00010,0009,500* All rates based on benchmark Baltic Exchange speed and consumption figures
 
Dry
27-Mar-13Feb AvgAvg YTD2012 AvgBDI
92210,2457,343920
BCI
1,25815,81510,1911,573
BPI
1,1919,3247,249963
BSI
9656,2224,808904
Container 
25-Mar-13Feb AvgAvg YTD2012 AvgB O X i
55.5253.7354.1555.76
Financial
27-Mar-13Feb AvgAvg YTD2012 AvgBRENT CRUDE US$/bbl
109.30116.46112.94111.81
IFO 380 ROTT US$/tonne
607.50634.25618.09640.97
 YEN/US$
94.4192.0691.8679.70
WON/US$
1,1121,0871,0851,123
US$/EURO
1.281.331.321.34
 
Braemar Seascope Weekly Chartering Report
 
2 
28/03/2013
 
   C  r  u   d  e   C   h  a  r   t  e  r   i  n  g
VLCC
 
Unfortunately for shipowners, the brief period of a shortened available tonnage list is over and now we are back to the oldsituation of oversupply. Even when the situation was a tighter, owners were only able to push rates slightly above 270kt xws35.0 east and sub
-
ws20.0 to the West via cape. However, at the time of writing, the downward pressure is mounting. Far eastern charterers looking for mid
-
 April VLCCs collected nine offers today and we can expect to see rates once again slipdown to 270kt x ws33.0 level or lower. The Easter break has done nothing to disrupt steady fixing and we are seeing AG/East cargoes traded off mid
-
month, whilst most western players are now casting their eyes towards end month fixing dates.Charterers may have felt slightly uncomfortable off the earlier position, but we think they are now able to relax once more inthe AG loading area.
 
This week was much more subdued from West Africa. Unipec fixed a Nova vessel Diamond Jasmine for W Africa/China off end April/early May dates. The rate at 260kt x ws34.5 is slightly lower than last done, which is a fair deal comparing to whatthe AG has been paying this week. There are now other Chinese charterers looking to benefit from this as CNOOC havebeen sniffing around for tonnage off similar dates. In the Caribbean, the Caribs/WC India market went down a little asReliance took two ships at US$3.0m in the last decade of April. The Indian charterers have been quiet with the Holi festivalso we can expect renewed action from the area on the other side of the weekend.
 
The 30 day availability index shows 56 VLCCs arriving at Fujairah, of which eight are over 15 years old, compared to 62 lastweek. So far for the month of April we have seen a total of 60 fixtures, roughly 50% the April fixtures if the figures are similar to March's total of 107 reported.
 
Owners will need to continue to work hard to keep rates even where they are today.The bunker price today is US$639/tonne, up US$12 from last week.
 
The freight rate for 280,000mt AG/USG is ws18.0, down ws1pt from last week. Owners' earnings are: Assuming one way (excludes any ballast) at 13knots laden, this equates to US$6,000/day (US$9,000/day last week)Round Trip Cape Laden (13knots)/Suez ballast (11knots) US$
-
13,000/day (US$
-
10,100/day last week)
 
The freight rate for 270,000mt is ws34.0, down ws2.5pts from last week, so owners' earnings are:Round Trip Ras Tanura/Ulsan US$7,000/day at 11knots ballast and 13knots laden (US$11,600/day last week)
 
Route
 
Size
 
Load
 
Discharge
 
Today’s Assessment
 
Last Week’s Average
 
TD1
 
280,000
 
Ras Tanura
 
LOOP
 
ws18.0
 
ws18.5
 
TD2
 
265,000
 
Ras Tanura
 
Singapore
 
ws35.0
 
ws35.5
 
TD3
 
265,000
 
Ras Tanura
 
Chiba
 
ws34.0
 
ws34.5
 
TD4
 
260,000
 
Bonny
 
LOOP
 
ws37.5
 
ws38.5
 
TD15
 
260,000
 
West Africa
 
China
 
ws34.5
 
ws36.0
 
China58%Spore/Indo15%USA12%Korea-Japan9%India6%
VLCC AG Weekly Spot Fixtures by VolumeIntended Discharge (
21 -27 Mar 2013
)
Long East62%
Short East
26%West12%
VLCC AG Monthly Spot Fixtures by VolumeFinal Destination (Feb 2013)
 
   C  r  u   d  e   C   h  a  r   t  e  r   i  n  g
Braemar Seascope Weekly Chartering Report
 3 
28/03/2013
 
 After having made little progress on what could have been a pivotal week in the West Africa market, rates going intothis week kicked off slightly depressed, with ws55.0
-
ws57.5 fixed to the USG. Whilst not quite matching last week'slevels in terms of cargo numbers, there was plenty to get stuck into and this was reflected by the rates. These climbedto ws60.0 for USG and ws62.5 for UKC
-
Med. A couple of cross
-
West Africa cargoes were taking ships out of theposition list, whilst opportunists in the Mediterranean were reluctant to ballast away from a potentially volatile Black Seamarket. Noting the tightening list, charterers used their relets and COA agreements wisely to subdue sentimentamongst owners with reasonable success. The market over the past fortnight has been tight enough to push up marketlevels quite considerably, but unfortunately things have not quite panned out as owners would have liked. Goingforward, the list is healthy enough from a charterer's perspective, though with it largely populated by ballasters it will beinteresting to see whether the fate of neighbouring western markets plays an increasingly influential role.
 
The Mediterranean market made little movement off last week's levels, a slightly tighter position list forcing rates upws2.5 points to ws52.5 USG and ws55.0 ECC, while US$2.8m was fixed to the Far East. As for cross
-
Med, a veryprompt cargo ran out of options and shed out a bumper rate of ws97.5 from Sidi Kerir to Mohammedia. The Black Sea'sstems are moving into late 2nd decade and with large differences between fixing dates, there was some discrepancybetween rates, which fluctuated from as low as ws67.5 to as high as ws75.0. At one stage, things were lookingdrastically tight but the manipulation of own tonnage, breathing space before the next set of stems and slightlyshortened delays at just three days through the straits kept fingers off the panic button. Meanwhile, the North Sea wasrelatively quiet and rates began around ws45.0 for USG. However, a prompt cargo fixed ws65.0 to USG and soonmarket levels hit ws50.0 for this voyage, where they remained through the week. As West Africa drags in ballastersfrom the Continent, the list should shorten, potentially somewhat boosting this market.The AG was busy early on before fading, but whilst it was busy, little progress was made. Rates to the West certainlydon't appear to have recovered at all, in fact dropping to ws28.5 for Portugal. Going to Singapore, levels stuck aroundws55.0 as per last week, but 95kt x ws93.5 and 130kt x ws63.5 for WC India represented an improvement, with levelsto EC India following suit at ws65.0 for Chennai.
Suezmax
 
USA66%NW Europe20%W Africa7%S America7%
Suezmax WAFR Weekly Spot Fixtures by VolumeIntended Discharge (21 -27 Mar 2013)
Route
 
Size
 
Load
 
Discharge
 
Today’s Assessment
 
Last Week’s Average
 
TD5
 
130,000
 
Bonny
 
Philadelphia
 
ws62.5
 
ws60.0
 
TD6
 
135,000
 
Novorossiysk
 
Augusta
 
ws75.0
 
ws77.0
 
135,000
 
Mediterranean
 
UK Cont
 
ws67.5
 
ws67.5
 
135,000
 
North Sea
 
US Gulf 
 
ws50.0
 
ws47.5
 
135,000
 
Ras Tanura
 
South East Asia
 
ws55.0
 
ws55.0
 
W Africa27%Med/Red Sea32% AG12%NW Europe12%Carib/EC Mex8%Black Sea7%USA2%
Suezmax Weekly Spot Fixtures by VolumeLoad Area (21 -27 Mar 2013)

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->