Not Logged In, Login,

Wednesday, June 20, 2018

MARKET INFORMATION

82% of the Aframaxes independent, - Johan G. Olsen Shipbrokers

According to the latest Aframax report from Johan G Olsen, there are currently 599 tankers and combination carriers (38) of 10-119,999 dwt.  Of these 110 are owned by oil or state owned companies, 377 are operating in the spot market, and 112 tankers are fixed until 2003 and later.

The orderbook contains 123 tankers, which is just over 20% of the current fleet.  Independent owners have 92 tankers on order, 21 of which are fixed until 2003 and later.

Teekay is by far the greatest operator with 59 tankers and combination carriers, 22 of which have double hulls and another 15 double sides.  General Maritime is the 2nd largest owner with 22 tankers (5 DH), and NOL/Eagle Tankers the 3rd largest with 21 tankers, 18 of which are with double hulls.  Some 16 owners are listed with 10 Aframaxes or more. 

Russian oil production forecast to average 6.95 mbd in 2001 - IEA

According to the IEA 12 September 2001 Oil Market Report, Russian oil production and corresponding export has been growing in recent months. Russian oil exports have averaged around 5.0 mbd. Oil production in July reached 7.1 mbd, a post-Soviet era record. IEA forecast Russian oil production to average 6.95 mbd this year, up 0.45 mbd from 2000.

Chemical trade slowdown first half 2001 - Drewry

A slowdown in U.S. chemical exports, unchanged Korean exports and increased Japanese exports affected the deepsea chemical spot trades during the first half of 2001, according to the Drewry Chemical Carrier Quarterly – Third Quarter 2001. The chemical fleet continued to expand with a total of 16 vessels added (plus 0.35 m dwt) to the fleet and no deletions reported. Newbuilding contracts for 12 vessels (0.19 m dwt) were reported in the period. The average freight rates softened slightly, but remained high (23% above first half 2000 level).