Page 137 - Annual Review 2020
P. 137
9. WORLD TANKER MARKET CYCLE
Annual Review 2020
Ship type
Market rate indicator
2000-19 Average value
2019
2020 YTD
This year so far ...
Market rate
% Diff. from average
Market rate
% Diff. from average
VLCC
Spot ($/day)
44,196
41,364
-6%
71,059
61%
67%
Better!
1 year t/c ($/day)
39,280
36,358
-7%
46,307
18%
25%
Better!
5 year old ($m.)
81.4
75.0
-8%
68.0
-16%
-9%
Bit Worse
VLCC average
-7%
21%
28%
Better
Suezmax
Spot ($/day)
35,496
31,560
-11%
41,550
17%
28%
Better!
1 year t/c ($/day)
29,458
26,649
-10%
32,050
9%
18%
Better!
5 year old ($m.)
56.2
53.0
-6%
47.0
-16%
-11%
Worse
Suezmax average
-9%
3%
12%
Better
Aframax
Spot ($/day)
27,345
26,225
-4%
30,202
10%
15%
Better
1 year t/c ($/day)
22,593
22,091
-2%
24,821
10%
12%
Better
5 year old ($m.)
42.6
41.0
-4%
36.0
-16%
-12%
Worse
Aframax average
-3%
2%
5%
Bit Better
MR Clean
Spot ($/day)
16,279
13,740
16%
19,442
19%
35%
Better
Products
1 year t/c ($/day)
17,066
14,683
-14%
15,250
-11%
3%
Bit Better
5 year old ($m.)
31.3
30.0
-4%
26.5
-15%
-11%
Worse
Clean products average
-11%
-2%
9%
Bit Better
Tanker average
-9%
7%
16%
Better
Source: Clarkson Research Services, September 2020
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