3/6/24, 9:31 PM Fearnleys Weekly Report | Fearnpulse

Fearnleys
Weekly Report Week 10 - March 6, 2024
info@hellenicshippingnews.com

01
Tankers
VLCC
On paper, the MEG VLCC tonnage list is tight, and the cargo count for MEG is low (we
count around 115 for the month), yet we are already fixing the 25-31 window. So, this
suggests a lighter month, or the market is missing a few underground deals. If there
are another 30 cargoes to work in the MEG before March closes out, then all bets are
off, as we see just 24 vessels on the water in the East. But the upward charge is
running out of steam a touch.
This week has seen some profit taking, as WS 74-75 levels are very tempting,
certainly if the dates are good. Owners will also be wary that when the market climbs
quickly (like it did in mid-February), you don’t want to be that ship at the top of the
market, as your subs look vulnerable. But, owners may be able to keep pushing a few
points (despite some Eastern relets being pushed), before the month closes out.
https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 1/20
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In the Atlantic, activity is key here to keep the market buoyant. We closed March with
41 deals ex USG, and April 7 so far. USG/Ningbo a little above the USD 9m level.
Interestingly a lot be heading to the USWC… 2 Shell deals (WS 72.5), a Unipec ex Ptp,
a Petrogal…
Little downside in the short term.
Suezmax

Aframax

https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 2/20
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Rates

https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 3/20
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https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 4/20
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1 Year T/C Crude

https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 5/20
 02
Dry Bulk
3/6/24, 9:31 PM

Capesize
Fearnleys Weekly Report | Fearnpulse

Panamax

Supramax

https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 6/20
3/6/24, 9:31 PM Fearnleys Weekly Report | Fearnpulse

Rates

https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 7/20
3/6/24, 9:31 PM Fearnleys Weekly Report | Fearnpulse

https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 8/20
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https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 9/20
3/6/24, 9:31 PM Fearnleys Weekly Report | Fearnpulse

1 Year T/C Dry Bulk

03
Gas
https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 10/20
 Chartering
3/6/24, 9:31 PM Fearnleys Weekly Report | Fearnpulse

LPG Rates

https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 11/20
3/6/24, 9:31 PM Fearnleys Weekly Report | Fearnpulse

https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 12/20
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https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 13/20
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LNG Rates

04
Newbuilding
Activity Levels
https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 14/20
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Prices

https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 15/20
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05
Sale & Purchase
Prices

https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 16/20
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06
Market Brief
Exchange Rates

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Interest Rates

Commodity Prices

Bunker Prices

https://fearnpulse.com/fearnleys-weekly-report?user=info@hellenicshippingnews.com&date=2024-03-06 18/20
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3/6/24, 9:31 PM Fearnleys Weekly Report | Fearnpulse

Week 10 - March 6, 2024

All rates published in this report do not necessarily reflect actual transactions occurring in the market.
Certain estimates may be based on prevailing market conditions. In some circumstances, rates for
certain vessel types are based on theoretical assumptions of premium or discount for particular vessel
versus other vessel types.'

Disclaimer

An Astrup Fearnley Company © 2024 Fearnleys AS

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