VLCC Market Report – Week of September 25-29, 2017

RATE ESTIMATES
————–
AG/USG    : 280 X W25.5   – STEADY TCE= $18200.00 (SPORE-RAS TANURA-LOOP)
WAFR/USG  : 260 X W60     – STEADY TCE= $28200.00 (HOUSTON – BONNY – HOUSTON)
WAFR/EAST : 260 X W57.5   – FIRM   TCE= $26800.00 (SPORE – BONNY – NINGBO)
NSEA/SPORE: 270 – LS3.4M  – ACTIVE TCE= $30900.00 (GIBRALTAR – RDAM – SPORE)
USG/SPORE : 270 – LS4.1M  – ACTIVE TCE= $39500.00 (USG – SPORE – RAS TANURA)
CBS/SPORE : 270 – LS4.15M – ACTIVE TCE= $34100.00 (CBS – SPORE – RAS TANURA)

DEMURRAGE……..:
LOADING WEST AFRICA: $35,000 BASIS USG/UKCM : $32,500 BASIS FEAST
LOADING US GULF/CBS: $37,500
LOADING CONT/NSEA..: $35,000

CARGOES……….:
LORD ENERGY VLCC ARZEW/EAST         10/25-30
RELIANCE    VLCC CBS/JAMNAGAR       10/28TH
ST SHIPPING VLCC WAF/USWC           10/29-31
UNIPEC      VLCC WAF/CHINA          11/01-03
NEUTRADE    VLCC CBS/OPTS           10/20-31
EXXONMOBIL  VLCC WAF/EAST           10/21-23
BP          VLCC WAF/OPTS           10/26-29

FIXTURES
********************************************************************
VESSEL              CGO  DATE LOAD/DISCHARGE     RATE      CHARTERER
MARKET FIXTURES SEPTEMBER 29, 2017
NEW CENTURY         260 10/29 URUGUAY/OPTS       WS55      STATOIL
OLYMPIC LIBERTY     260 10/26 BRAZIL/WCI-CHINA   RNR-WS54  PETROBRAS
MADISON ORCA        260 10/19 STS MALTA/SPORE    LS$2.75M  LITASCO – *VIA SUEZ/FOIL*

MARKET FIXTURES SEPTEMBER 28, 2017
GENER8 MILTIADES    270 11/01 VENEZUELA/WCINDIA  RNR       ESSAR
STARLIGHT VENTURE   260 10/20 BRAZIL/WCI-CHINA   WS54.5    PETROBRAS – *WS51.5 FOR CHINA*
DHT LAKE            260 10/29 WAF/WCINDIA        WS55      TOTAL
FRONT PAGE          260 10/29 WAF+WAF/PARADIP    LS$2.775M IOC
ELIZA               260 11/01 WAF/CHINA          WS60      UNIPEC

MARKET FIXTURES SEPTEMBER 27, 2017
AMPHITRITE          275 10/23 USG/SKOREA         LS$4.6M   SKENERGY
ALSACE              260 10/24 LA PALOMA/CHINA    WS55      CHEMCHINA

MARKET FIXTURES SEPTEMBER 26, 2017
ATHENIAN FREEDOM    260 10/24 WAF/EAST           WS55      STATOIL
NEW ODYSSEY         260 10/21 WAF/CHINA          COA       UNIPEC
ASTRO CHLOE         270 10/18 S.AFRICA/EAST      WS53.5    MERCURIA – *FAILED*

MARKET FIXTURES SEPTEMBER 25, 2017
LEICHESTER          270 10/29 ECMEX/SPORE-KOREA  LS$3.8M   GSCALTEX – *LS$4.8M FOR SKOREA
ATHINA              260 10/23 WAF/EAST           WS55      EXXONMOBIL

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.