Kinas ammoniakkstrategi øker etterspørselen etter VLAC
Regjeringen sikter på 10 % ammoniakkandel i kullkraft innen 2027 Kinas satsing på fornybar ammoniakk for “co-firing” i kullkraftverk vil skape betydelig etterspørsel etter ammoniakktransport og gi et løft til markedet for Very Large Ammonia Carriers (VLAC). Som en del av landets økonomiske handlingsplan for 2024–2027 planlegger Kina å oppgradere sine kullkraftverk til å samfyre […]
Nye sanksjoner strammer inn skipstilgangen
Rateøkning forventet ettersom flere skip blir svartelistet USA har svartelistet ytterligere 13 tankskip, inkludert fem VLCC-er, mens EU har lagt til 65 tankskip på sin liste. Dette begrenser tilgangen på skip til transport av sanksjonert råolje og bidrar til et strammere marked. Ifølge Fearnley Securities vil tiltakene mot skyggeflåten øke etterspørselen etter konvensjonelle tankskip, noe […]
Solid uke for tankmarkedet
Produktmarkedet styrker seg – VLGC og PCTC forblir stabile Denne uken har vært relativt rolig for tanksegmentet. Suezmax-inntektene har svekket seg noe fra forrige uke, men moderne Suezmaxer (inkl Scrubber) har fortsatt sterke spotrater på i gjennomsnitt 45 000 dollar per dag. Produktmarkedet viser en positiv utvikling, med gjennomsnittlige inntekter på rundt 25 000 dollar […]
Soft start to 2025, but growth expected
Car sales forecast to rise by 3% while US tariffs pose challenge The PCTC market has seen little movement in early 2025, aside from major listed companies reporting quarterly results in line with expectations. GlobalData forecasts global light vehicle sales to grow by over 3% year-on-year, reaching 91.6 million units in 2025. While potential US […]
VLGC stability and ammonia growth
VLGC upside may have to wait until US export increase in Q3/4 This month, the VLGC market remained stable, hovering around $30,000 per day amid limited arbitrage opportunities. The soft market so far this year has been driven by reduced activity, but rates may rebound post-winter as arbitrage improves. Fearnley Securities sees upside potential in […]
Geopolitical shifts drive tanker market surge
Earnings thrive in volatile beginning to 2025 This month, the tanker market experienced significant volatility, driven by tariff announcements, new sanctions on tankers transporting Iranian and Russian crude, and broader geopolitical disruptions. These events have pushed crude tanker earnings – led by the VLCC segment – to more than $40,000 per day, up 50% since […]
China’s ammonia strategy boosts VLAC demand
Government aims to convert 10% of coal power to ammonia by ‘27 China’s renewable ammonia co-firing strategy is set to drive significant demand for ammonia transport, benefiting the Very Large Ammonia Carrier (VLAC) market. As part of its 2024-2027 economic action plan, China aims to retrofit coal power plants to co-fire at least 10% ammonia […]
New tanker sanctions tighten worldwide supply
Rates boost is expected as further vessels are blacklisted The US has blacklisted 13 more tankers, including five VLCCs, while the EU has added 65 tankers to its list, further restricting sanctioned crude exports. These sanctions on shadow fleet tankers are set to increase demand for mainstream vessels, according to Fearnley Securities. Pronounced decline for […]
Solid week for tanker market
Product market strenghtens – VLGC and PCTC remain stable This week has been relatively calm for the tanker segment. Suezmax earnings softened slightly week-on-week, with modern scrubber-fitted Suezmaxes Spot still strong at $45,000 per day on average. The product tanker market has shown some strengthening, with average earnings in the mid-$20,000s per day. Meanwhile, activity in […]
