VLCC Market Report – Week of July 31-August 04, 2017

August 4, 2017

RATE ESTIMATES
————–
AG/USG: 280 X W24 – STEADY TCE= $13400.00 (SPORE-RAS TANURA-LOOP)
WAFR/USG: 260 X W52.5 – STEADY TCE= $17800.00 (HOUSTON – BONNY – HOUSTON)
WAFR/EAST: 260 X W50 – STEADY TCE= $16200.00 (SPORE – BONNY – NINGBO)
NSEA/SPORE: 270 – LS2.4M – STEADY TCE= $22900.00 (GIBRALTAR – RDAM – SPORE)
USG/SPORE: 270 – LS2.7M – STEADY TCE= $25000.00 (USG – SPORE – RAS TANURA)
CBS/SPORE: 270 – LS2.75M – STEADY TCE= $22000.00 (CBS – SPORE – RAS TANURA)

DEMURRAGE……..:
LOADING WEST AFRICA: $25,000 BASIS USG/UKCM : $20,000 BASIS FEAST
LOADING US GULF/CBS: $25,000
LOADING CONT/NSEA..: $25,000

CARGOES……….:
ESSAR VLCC CBS/WCINDIA 9/01-05

FIXTURES
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VESSEL              CGO DATE LOAD/DISCHARGE     RATE     CHARTERER
MARKET FIXTURES AUGUST 04, 2017
NAVARIN 270 8/14 CBS/SPORE-CHINA    LS$2.7M PETROCHINA LS$3.7M FOR CHINA
FRONT DUKE          260 9/05 WAF/CHINA          WS50     UNIPEC
YUAN HUA HU         275 8/20 RDAM/SPORE         RNR      VITOL

MARKET FIXTURES AUGUST 03, 2017
C.INNOVATOR         260 8/26 WAF/USAC           RNR      MONROE
ISLAND SPLENDOUR    260 9/01 WAF/CHINA          O/P      DAY HARVEST
DHT EUROPE          270 8/15 SOUTHWOLD/EAST     RNR      STATOIL

MARKET FIXTURES AUGUST 02, 2017
MAYZONAH            270 8/20 CBS/VADINAR        LS$2.5M ESSAR
GENER8 CHIOTIS      270 8/31 ECMEX/DAESAN       LS$3.8M HOB
ARIES VOYAGER       260 8/22 URUGUAY/EAST       RNR      SHELL
GENER8 MACEDON      260 8/28 URUGUAY/EAST       RNR      SHELL
NEW PROSPECT        260 8/26 WAF/CHINA          COA      UNIPEC

MARKET FIXTURES AUGUST 01, 2017
NAVIG8 TBN          270 8/24 CBS/EAST           RNR      PETROCHINA

MARKET FIXTURES JULY 31, 2017
ARGENTA             260 8/28 WAF/CHINA          WS50     UNIPEC
KAHLA O/O           260 8/31 WAF/TAIWAN         WS50     CPC
CAESAR              260 8/29 WAF/CHINA          WS59     TOTAL
SEA LION            260 8/30 WAF/USAC           WS60     MONROE – *FAILED*

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.