VLCC Market Report – Week of August 21-25, 2017

RATE ESTIMATES
————–
AG/USG    : 280 X W22.5   – STEADY TCE= $12000.00 (SPORE-RAS TANURA-LOOP)
WAFR/USG  : 260 X W50     – STEADY TCE= $16600.00 (HOUSTON – BONNY – HOUSTON)
WAFR/EAST : 260 X W48.5   – STEADY TCE= $15900.00 (SPORE – BONNY – NINGBO)
NSEA/SPORE: 270 – LS2.6M  – STEADY TCE= $25800.00 (GIBRALTAR – RDAM – SPORE)
USG/SPORE : 270 – LS3.3M  – ACTIVE TCE= $29000.00 (USG – SPORE – RAS TANURA)
CBS/SPORE : 270 – LS3.35M – ACTIVE TCE= $27000.00 (CBS – SPORE – RAS TANURA)

DEMURRAGE……..:

LOADING WEST AFRICA: $25,000 BASIS USG/UKCM : $20,000 BASIS FEAST
LOADING US GULF/CBS: $25,000
LOADING CONT/NSEA..: $25,000

CARGOES……….:

UML         VLCC CEYHAN/TAIWAN      9/25TH
TOTAL       VLCC UKC/CHINA          9/24-27
ST SHIPPING VLCC H.POINT/SKOREA     9/25-30

FIXTURES
********************************************************************
VESSEL              CGO DATE LOAD/DISCHARGE     RATE      CHARTERER
MARKET FIXTURES AUGUST 25, 2017
LU SAN              260 9/20 WAF/CHINA          WS48.5    UNIPEC

MARKET FIXTURES AUGUST 24, 2017
SHANGHAI            275 9/24 ECMEX/WCINDIA      LS$3.39M  IOC
OLYMPIC LIGHT       270 9/23 CBS/SPORE-NINGBO   LS$3.0M   UNIPEC – *LS$4.0M FOR CHINA*
FRONT KATHERINE     260 9/20 WAF/EAST           WS47      STATOIL
KOS                 260 9/21 WAF/JAMNAGAR       LS$1.8M   RELIANCE
HOUSTON             270 9/14 H.POINT/SKOREA     LS$4.05M  ST SHIPPING

MARKET FIXTURES AUGUST 23, 2017
DALIAN              275 9/17 USG/SKOREA         LS$4.2M   SK
ARAGONA             270 9/12 USG/SPORE          LS$3.2M   UNIPEC
NUCLLEUS            275 8/30 PTP/CHINA          RNR       UNIPEC
OLYMPIC LUNA        270 9/28 CBS/SPORE-NINGBO   LS$3.25M  PETROCHINA – *LS$4.25M FOR CHINA*
ITHAKI              270 9/16 CBS/WCINDIA        LS$2.9M   RELIANCE
ARTIOS              275 9/16 CBS/SPORE          LS$3.275M MERCURIA
MILTIADIS JUNIOR    275 9/15 CBS/SPORE          LS$3.25M  PETROCHINA
NEW VANGUARD        275 9/27 CBS/EAST           RNR       PETROCHINA

MARKET FIXTURES AUGUST 22, 2017
DHT SCANDINAVIA     260 9/18 WAF/CHINA          WS49      UNIPEC

SEA RUBY            260 9/16 WAF/WCINDIA        LS$2.2M   IOC
LANDBRIDGE FORTUNE  260 9/23 WAF/EAST           WS48.5    BP

MARKET FIXTURES AUGUST 21, 2017
ALICE               265 9/02 CBS/WCINDIA        LS$2.4M   ESSAR
NEW HORIZON         260 9/18 WAF/CHINA          WS49.5    CNOOC

THANK YOU
PHIL – TANKSHIP

DISCLAIMER: THIS MARKET REPORT/ANALYSIS CONTAINS FORWARD-LOOKING OPINIONS THAT ARE BY THEIR NATURE SPECULATIVE AND SUBJECT TO CHANGE OR ERROR. BY READING THIS DOCUMENT, YOU CONFIRM THAT TANKSHIP INTERNATIONAL (“TANKSHIP”), ITS OWNERS, OFFICERS, EMPLOYEES AND AFFILIATES ARE NOT RESPONSIBLE FOR THE ACCURACY OF THIS DOCUMENT AND CANNOT BE HELD LIABLE FOR ITS CONTENTS UNDER ANY CIRCUMSTANCES. THE INFORMATION AND OPINIONS CONTAINED HEREIN ARE BELIEVED TO BE ACCURATE, BUT AS THE TANKER MARKET IS/CAN BE VOLITILE NONE OF IT IS GUARANTEED OR WARRANTED TO BE CORRECT. THIS MARKET REPORT/ANALYSIS WAS GIVEN TO YOU, FOR YOUR OWN PURPOSES, AND NOT TO BE RE-CIRCULATED WITHOUT EXPRESS PERMISSION FROM THE COMPANY OR THE SENDER. TANKSHIP INTERNATIONAL IS NOT RESPONSIBLE FOR THE CONTENTS, INCLUDING ANY ERRORS OR OMISSIONS OF ANY NATURE CONTAINED WITHIN THIS REPORT, AND IS NOT LIABLE FOR ANY DIRECT AND/OR INDIRECT LOSS, DAMAGE OR EXPENSE ARISING FROM SENDING, RECEIVING OR USE OF THIS REPORT/ANALYSIS.