Tanker Market Commentary
Feb. 26, 2015
Clean East | The AG market continues to firm up on the LR1s and the LR2s are holding steady. MRs are also firming in the Southeast and the North as lists are tight and some prompt cargoes are still uncovered.
Tanker Market Commentary
Feb. 24, 2015
Clean East | The AG market is beginning to pick up on the LR1s as it's becoming more attractive to fix on an LR1 rather than an LR2. The South is still and the North is starting to tighten up as multiple ships are seen on subjects.
McQuilling in the News
Feb. 24, 2015
Market Realist: 5-year and 10-year VLCCs’ prices are rising
"McQuilling Services noted that VLCCs and Suezmax tankers may offer investors a more attractive risk-adjusted return in the long term. It also added that the ten-year tankers of these two vessel classes will outperform their younger counterparts. Asset prices for these vessels recorded a growth of 21.2% and 44.9%, respectively, in the past 12 months.
McQuilling believes that the upward momentum initiated during 2015 will continue forward as the current firm earnings environment persists at a stable rate during the current year. It will retreat slightly in 2016 before ...
Tanker Market Commentary
Feb. 23, 2015
Clean East | The market is off to a slow start with China still celebrating Lunar New Year. The LR1 market remains weak due to a long position list and the spread between the LR1s and LR2s is almost nothing. The MRs are also slow at the moment. The North looks to be picking up a little as there are quite a number of ships on subjects.
Office Address Change
Feb. 17, 2015
McQuilling Brokerage Partners Asia and McQuilling Anglo Asian (Dry) have moved. The new office is located at 8 Temasek Blvd #21-02 Suntec Tower 3, Singapore.
For additional information, please visit our locations page
Tanker Market Commentary
Feb. 12, 2015
Clean East | The AG market remains flat on soft sentiment. The southeast is also quiet with owners looking for longer hauls to tide over the coming Chinese holidays. The North is still soft on the MRs, but firm on the LR1 backhauls.
Tanker Market Commentary
Feb. 10, 2015
Clean East | The AG market is still soft on the LRs and lower numbers are being seen; the MRs are starting to soften as well. The South is still weak on a long tonnage list. North is slightly active, the LR positions are tight, but the MRs are still soft.
2015-2019 Tanker Market Outlook Now Available
Feb. 5, 2015
The McQuilling Services 2015-2019 Tanker Market Outlook is a five-year rate projection for eight vessel classes across 15 benchmark trades and represents the company’s 18th forecasting cycle. After over ten years of tanker rate forecasting, McQuilling Services is a leader in the industry and continues to support a variety of stakeholders in the energy and maritime industries with its annual Tanker Market Outlook.
Methodology
The McQuilling Services rate forecast is based on the evaluation of historical and projected tonnage supply and demand fundamentals in the tanker market within the current and projected global economic environment, including oil supply ...
