Tanker Freight Exploring 14-Year New Low-Oil Tank Idle Trends Appear

The supply of very large crude carriers (VLCCs) has surged to near 20-year highs, and the oversupply situation has been severe. Most tankers have already made losses for the past six consecutive quarters in order to stop the The prices of oil tankers that have fallen to the low point in the past 14 years have continued to bottom, and the international oil tanker market has already begun to appear to be idle.

According to statistics from Clarksons, a shipping consultancy, there are currently about 570 VLCCs in the world, and the capacity has increased by about 9% in the past two years.

Although the idle amount of VLCC has approached zero, but in the international oil market outlook is uncertain, leading to slowing transportation demand, and under the pressure of imbalance in supply and demand of transport energy, the trading volume of tanker transport demand has gradually become light; 1 tanker trading agency It is estimated that 6% of the VLCC will be idle in the next year, but this level of idleness may not be enough to stop the price of the tanker that continues to fall.

Frontline, the world's largest oil tanker, once pointed out that the daily operating cost of an oil tanker is between US$ 29,000 and US$ 30,000. The American oil tanker Hamilton has also announced that the company’s 2011 earnings report will Hand over the biggest loss in the past 12 years.

However, judging from the daily charter rate of $13,500 to $14,500 per day, I am afraid that most of the oil tankers will not be able to escape the loss. According to Bloomberg's survey, most shipping consultancies, tanker traders, and tanker transactions have been combined. Institutions all estimate that the oversupply of VLCC will keep the freight rate at this level, and it will be difficult until 2013 to have a chance to climb sharply.

It is worth noting that even if VLCC airlines idle their ships, they can significantly reduce their operating costs and avoid losing one ship to the loss of one ship, but it also means that they will lose their revenue sources and the loss situation will only decrease. There is no reason to turn a profit. The aviation company pointed out that if the proportion of idle ships continues to rise, the overall market confidence will also be further hit, and it will take more time for the future market to recover.

On the other hand, the International Energy Agency (IEA) has revised its 2012 global crude oil demand estimate to 90.7 million barrels per day, an increase of only 1.9 percent from an average of 89 million barrels per day this year, and meager demand growth. I am afraid that the time when the market expects supply and demand to stabilise will be delayed later than originally estimated at the end of 2012.