Using report from Affinity Tankers this week. The report focuses on the tanker market, and rates on various routes
If one calculated the avg rate for the three VLCCs routes, it would be above $30K daily. Depending on leverage, a VLCC owner is likely making some excess money at that avg rate. The two Suezmax routes avg to > $26K daily. Also profitable to most Suezmax owners. Eyeballing the three Aframax rates - seems higher than the Suezmax avg.
Clean segment generally has smaller vessels. So the lower rates are generally not surprising. Not sure what vessel type is supporting the TC20 route - maybe a “cleaned-up” Suezmax/LR3? A few routes under $10K
Container rates from China have dropped this month.
Rates for shipping cargo containers from China to the U.S. have dropped by more than half since earlier this month, as imports rebounded less than expected after the slump that followed President Donald Trump slapping 145% tariffs on China. Trump quickly reversed course by lowering the rate to 30%…
Rates on the closely watched Shanghai-to-U.S. West Coast route appear to have found a near-term floor at around $2,500 per 40-foot container, after peaking early this month at around $6,000…Shipping rates had surged to their recent peaks after Trump cut tariffs on China to 30% from 145%. That led U.S. importers to rush in new orders on goods they had halted because of the astronomical levy.