Worldscale rates for chartering a very large crude carrier (VLCC) to transport two million barrels of crude oil from the Middle East to the U.S. Gulf now stand at W82.5-W85, compared with W42.5 at the beginning of January. To Japan rates have risen to W95-W100 from about W52.5.

Freight rates to ship U.S. crude to Asia continued to surge, with costs to charter a supertanker rising to a record $12 million on Thursday, shipping sources familiar with the matter said. Spot rates in the Middle East Gulf have increased dynamically on Thursday and Friday after two tankers were attacked in the Gulf of Oman. Concerns around tension in the region pushed FFAs and spot rates much higher, with a VLCC now getting paid more than USD 15,000 per day to carry crude oil from Middle East Gulf to China, much higher than the USD 11,000 per day it would earn two days before BW LPG: VLGC TCE rates averaged US$14,800 per day. EBITDA for the second quarter amounted to US$8.1 million (Q2 2017: US$39.6 million), a decrease of US$31.5 million from the same quarter last year mainly due to the decline in LPG spot earnings and a smaller fleet size. VLCC rates have rapidly fallen from over $300,000 per day to around $125,000 per day. At the same time, the company's ‘ECO’ VLCC fleet earned an average daily TCE rate of $24,385 and the non-’ECO’ VLCC fleet an average daily TCE rate of $18,907. The average daily TCE rate obtained on a full-fleet basis was $21,104 during 4Q17, compared to $28,190 for 4Q16.

Dirty VLCC MEG/Jap - 265,000. Dirty Suezmax Wafr/UKC - 130,000. Dirty Aframax UKC/UKC - 80,000. Dirty Aframax MEG-East - 80,000. 6 Months

The VLCC was then booked by Mangalore Refinery and Petrochemicals Ltd on the Middle East-West India route at WS294, equivalent to TCE of $157,849 per day, according to VLCC Fixtures. At the same time, the company's ‘ECO’ VLCC fleet earned an average daily TCE rate of $24,385 and the non-’ECO’ VLCC fleet an average daily TCE rate of $18,907. The average daily TCE rate obtained on a full-fleet basis was $21,104 during 4Q17, compared to $28,190 for 4Q16. Saudi Arabia's laden VLCC 'armada' expected to bring oil price war to US Finance NYK Line crew carry out first digital currency transfers on board vessels Finance Mixed picture for stocks but 23 August 2019. VLCC. Rates in the Middle East Gulf continued an upward trajectory, with 270,000mt to China at WS 66, up about five points and 280,000mt to the US Gulf, basis Cape/Cape, rated at WS 30, an increase of three points. vlcc's. It has been reported that PIP-Panama/China is paying $13.2 mill. with a HSFO TCE of $270,000+/day! Dry cargo rates are also firming a bit as port congestion due to quarantines has taken many vessels out of the Equivalent rate for TD3. VLCC TCE: Taking the average of the Timecharter Equivalent rates calculated for. TD1 & TD3 produces the VLCC Timecharter Equivalent. Bunker Prices used in this calculation are provided under licence by Bunkerworld. Exchange Rates used in this calculation are provided under licence by XE.com.

14 Oct 2019 To put current VLCC freight costs into perspective, when dry bulk rates reached their epic peak in the 2004-2008 shipping boom, they equated 

The VLCC was then booked by Mangalore Refinery and Petrochemicals Ltd on the Middle East-West India route at WS294, equivalent to TCE of $157,849 per day, according to VLCC Fixtures. At the same time, the company's ‘ECO’ VLCC fleet earned an average daily TCE rate of $24,385 and the non-’ECO’ VLCC fleet an average daily TCE rate of $18,907. The average daily TCE rate obtained on a full-fleet basis was $21,104 during 4Q17, compared to $28,190 for 4Q16. Saudi Arabia's laden VLCC 'armada' expected to bring oil price war to US Finance NYK Line crew carry out first digital currency transfers on board vessels Finance Mixed picture for stocks but 23 August 2019. VLCC. Rates in the Middle East Gulf continued an upward trajectory, with 270,000mt to China at WS 66, up about five points and 280,000mt to the US Gulf, basis Cape/Cape, rated at WS 30, an increase of three points.

Tanker report – Week 10. 6 March 2020. VLCC. The Middle East market was static over the course of the last week, with rates for 270,000mt to China holding at 

7 Nov 2019 Consolidated TCE revenues for the third quarter of 2019 were $65.8 of higher average rates in the VLCC, Suezmax and Aframax sectors,  23. okt 2019 TCE (time charter equivalent) er det tallet vi amatører ofte refererer til som dagrate. WS-rate, er vel prosent av utregnet median/snitt rate. Så hvis  Abouarghoub et al. (2012) model average TCE freight rates across 5 tanker classes, namely VLCC,. Suezmax, Aframax, dirty MR, and all tankers. They take on a  7 Nov 2019 TCE revenues were $16 million for the quarter, compared to $11 Spot rates are broken out for a modern VLCCs and then VLCC in that part of 

At the same time, the company's ‘ECO’ VLCC fleet earned an average daily TCE rate of $24,385 and the non-’ECO’ VLCC fleet an average daily TCE rate of $18,907. The average daily TCE rate obtained on a full-fleet basis was $21,104 during 4Q17, compared to $28,190 for 4Q16.

14 Oct 2019 To put current VLCC freight costs into perspective, when dry bulk rates reached their epic peak in the 2004-2008 shipping boom, they equated  VLCC. Suezmax. Th o u san d s. oPre merger Euronav had 735 shares per fleet day. oPost merger it has VLCC. $m. VLCC rate s $ p e. r d ay. VLCC rates. New Build VLCC $m. COUNTER CYCLICAL VLCC TCE rates. $25,000. $30,000. 14 Oct 2019 Freight rates of VLCCs have surged to a high of $300000 a day in a market boosted by a quick succession of unrelated incidents, as the  Comprehensive Index, Point, 3290.37, 339.62. ME Gulf Ras Tannura to China Ningbo(CT1), 270000MT, VLCC, WS, 182.31, 18.85. CT1-TCE(standard speed) 

Very large crude carrier (VLCC) time charter equivalent (TCE) rates are predicted to rise by 55pc to $53,750/d, Suezmax rates by 43pc to $37,850/d, Aframax