VLCC Market Report – Week of May 15-19, 2017

RATE ESTIMATES
————–
AG/USG………..:      280 X W23.5   – WEAK    TCE=  $11000.00 (SPORE-RAS TANURA-LOOP)
WAFR/USG………:      260 X W57.5   – WEAK    TCE=  $24000.00 (HOUSTON – BONNY – HOUSTON)
WAFR/EAST……..:      260 X W55     – WEAK    TCE=  $22000.00 (SPORE – BONNY – NINGBO)
NSEA/SPORE…….:      270 – LS3.5M  – STEADY  TCE=  $27000.00 (GIBRALTAR – RDAM – SPORE)
USG/SPORE……..:      270 – LS3.8M  – STEADY  TCE=  $35000.00 (USG – SPORE – RAS TANURA)
CBS/SPORE……..:      270 – LS3.85M – STEADY  TCE=  $31000.00 (CBS – SPORE – RAS TANURA)

DEMURRAGE:     

LOADING WEST AFRICA: $30,000 BASIS USG/UKCM : $25,000 BASIS FEAST
LOADING US GULF/CBS: $35,000
LOADING CONT/NSEA..: $30,000

CARGOES:
TOTAL       VLCC H.POINT/FEAST      6/10-12
IOC         VLCC ECMEX/ECINDIA      18/6
BP          VLCC RDAM/SPORE         6/01-05
ENI         VLCC WAF+WAF/CHINA      6/10-11
UNIPEC      VLCC SKAW/CHINA         6/???
PETROCHINA  VLCC CBS/EAST           6/16-20

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**FIXTURES**
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VESSEL             CGO DATE LOAD/DISCHARGE    RATE     CHARTERER
MARKET FIXTURES MAY 19, 2017
ATHENIAN FREEDOM    260 6/14 WAF+WAF/VADINAR   LS$2.3M   IOC
LEONIDAS            260 6/20 WAF/CHINA         WS53      CHEMCHINA
KOS                 270 6/08 CEYHAN/EAST       RNR       SOCAR

MARKET FIXTURES MAY 18, 2017
OLYMPIC LOYALTY     270 6/07 H.POINT/EAST      RNR       SHELL

MARKET FIXTURES MAY 17, 2017
ECO QUEEN           260 6/19 BRAZIL/CHINA      WS52.5    UNIPEC
SEA LEOPARD         260 6/11 WAF+WAF/VADINAR   LS$2.5M   IOC – *FAILED*
DS VISION           260 6/14 WAF/CHINA         COA       UNIPEC
MARAN TAURUS        270 5/30 H.POINT/EAST      RNR       MERCURIA

MARKET FIXTURES MAY 16, 2017
KONDOR              260 6/05 WAF/DALIAN        WS55.5    NPI
SPRING SPLENDOR     260 6/10 WAF/CHINA         WS60      UNIPEC
INGRID              260 6/02 S.AFRICA/EAST     WS77.5    TOTAL
NAVE QUASAR         280 5/25 SKERIR/RDAM       COA       BAHRI

MARKET FIXTURES MAY 15, 2017
SEA LION            260 6/12 WAF/CHINA         WS57.5    CNOOC
C.PROGRESS          270 6/05 H.POINT/SKOREA    LS$4.75M  TOTAL
SOPHIA              270 5/25 RDAM/SPORE        RNR       SHELL

 

THANK YOU
PHIL – TANKSHIP

DISCLAIMER: THIS MARKET REPORT/ANALYSIS CONTAINS FORWARD-LOOKING OPINIONS THAT ARE BY THEIR NATURE SPECULATIVE AND SUBJECT TO CHANGE OR ERROR.   BY READING THIS DOCUMENT, YOU CONFIRM THAT TANKSHIP INTERNATIONAL (“TANKSHIP”), ITS OWNERS, OFFICERS, EMPLOYEES AND AFFILIATES ARE NOT RESPONSIBLE FOR THE ACCURACY OF THIS DOCUMENT AND CANNOT BE HELD LIABLE FOR ITS CONTENTS UNDER ANY CIRCUMSTANCES.  THE INFORMATION AND OPINIONS CONTAINED HEREIN ARE BELIEVED TO BE ACCURATE, BUT AS THE TANKER MARKET IS/CAN BE VOLITILE NONE OF IT IS GUARANTEED OR WARRANTED TO BE CORRECT. THIS MARKET REPORT/ANALYSIS WAS GIVEN TO YOU, FOR YOUR OWN PURPOSES, AND NOT TO BE RE-CIRCULATED WITHOUT EXPRESS PERMISSION FROM THE COMPANY OR THE SENDER. TANKSHIP INTERNATIONAL IS NOT RESPONSIBLE FOR THE CONTENTS, INCLUDING ANY ERRORS OR OMISSIONS OF OF ANY  NATURE CONTAINED WITHIN THIS REPORT, AND IS NOT LIABLE FOR ANY DIRECT AND/OR INDIRECT LOSS, DAMAGE OR EXPENSE ARISING FROM SENDING, RECEIVING OR USE OF THIS REPORT/ANALYSIS.