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Navios Maritime Acquisition Corporation Message Board

  • spamblaster1234 spamblaster1234 Dec 17, 2012 6:02 AM Flag

    Summary On VLCC Vessels

    VLCC Vessels:Summary
    1) Each transport 2 million barrel cargoes. This ship class transports about 20% of oil cargoes worlwide.
    2) Demand for the vessels fell to a 17 mo low in July 2012.
    3) A decline in demand from China is the largest contributor. The world’s second-largest oil consumer built a surplus of about 90 million barrels of crude in the first five months of the year on concern about Iranian supply disruptions.
    4) Complicating the situation is a VLCC fleet poised to expand by 6.8 percent this year, a rate that exceeds the 4.6 percent demand growth.
    5) In July 2012 owners were experiencing returns near the lowest level in at least four years.

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    • 11) The vessels need about $10,670 to cover crew, insurance and other operating costs, according to Moore Stephens LLC, a U.K.- based consultant. Rates for the vessels will average $21,000 this year, according to 14 analyst estimates compiled by Bloomberg.
      12) Global demand will be 89.7 million barrels a day this year, according to the International Energy Agency, a Paris-based adviser to oil-consuming nations.
      13) In Nov 2012 The tankers are earning $28,316 a day on the Middle East- to-Asia voyage, more than double those of a week earlier, according to figures today from the Baltic Exchange.

    • 6) In August 2012 there were 20 percent more very large crude carriers available for hire over the next 30 days than there were likely cargoes. In Vov 2012 this number fell to 12%
      7) In July 2012 owners were losing $7,243 a day (in the spot market), the worst return for exchange data that goes back to 2008.
      8) Owners can boost returns by slowing ships on return journeys after unloading of cargoes.
      9) Frontline Ltd., the biggest operator of the ships, led by billionaire John Fredriksen, said on Aug. 29 it needs $23,900 a day to break even on VLCC's.
      10) The fleet’s capacity thru 2012 has expanded more than three times faster than cargo demand since 2008, after owners added the most new vessels to the fleet since the start of the 1980s, according to data from Clarkson Plc, the world’s largest shipbroker.

      • 3 Replies to winomaster
      • 11) The vessels need about $10,670 to cover crew, insurance and other operating costs, according to Moore Stephens LLC, a U.K.- based consultant. Rates for the vessels will average $21,000 this year, according to 14 analyst estimates compiled by Bloomberg.
        12) Global demand will be 89.7 million barrels a day this year, according to the International Energy Agency, a Paris-based adviser to oil-consuming nations.
        13) In Nov 2012 The tankers are earning $28,316 a day on the Middle East- to-Asia voyage, more than double those of a week earlier, according to figures today from the Baltic Exchange.

      • 11) The vessels need about $10,670 to cover crew, insurance and other operating costs, according to Moore Stephens LLC, a U.K.- based consultant. Rates for the vessels will average $21,000 this year, according to 14 analyst estimates compiled by Bloomberg.
        12) Global demand will be 89.7 million barrels a day this year, according to the International Energy Agency, a Paris-based adviser to oil-consuming nations.
        13) In Nov 2012 The tankers are earning $28,316 a day on the Middle East- to-Asia voyage, more than double those of a week earlier, according to figures today from the Baltic Exchange.

      • 11) The vessels need about $10,670 to cover crew, insurance and other operating costs, according to Moore Stephens LLC, a U.K.- based consultant. Rates for the vessels will average $21,000 this year, according to 14 analyst estimates compiled by Bloomberg.
        12) Global demand will be 89.7 million barrels a day this year, according to the International Energy Agency, a Paris-based adviser to oil-consuming nations.
        13) In Nov 2012 The tankers are earning $28,316 a day on the Middle East- to-Asia voyage, more than double those of a week earlier, according to figures today from the Baltic Exchange.

 
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