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日本海事新聞ニュース Japan Maritime Daily May 12, 2025 (Mon)

‌【Market2025】Free VLCCs at Singapore are increasing

Concerns about unprofitability of using VLSFO

　In the VLCC (Very Large Crude Carrier) spot charter market, the number of ships without specific co ・・・続きはログインして下さいnext %E3%80%80In+the+VLCC+%28Very+Large+Crude+Carrier%29+spot+charter+market%2C+the+number+of+ships+without+specific+contracts+adjusting+their+positions+around+Singapore+appears+to+be+gradually+increasing.+It+appears+that+the+vessels+are+floating+on+both+sides+so+that+they+can+be+flexibly+allocated+to+major+loading+points+in+the+Middle+East+and+the+Atlantic+Ocean%2C+including+the+Gulf+of+Mexico.+The+scale+is+estimated+to+be+15+to+20+vessels.+However%2C+market+conditions+are+sluggish+regardless+of+the+loading+port.+In+particular%2C+the+Middle+East+has+been+experiencing+a+surplus+of+ships+since+late+last+month%2C+and+if+ships+without+specific+contracts+around+Singapore+gather+in+the+Middle+East%2C+market+conditions+are+expected+to+weaken+further%2C+especially+on+the+Middle+East-China+trunk+line.%3Cbr%3E%E3%80%80%E2%80%9CThey+are+probably+carefully+considering+whether+it+would+be+better+to+allocate+them+to+the+Middle+East+or+the+Atlantic.%E2%80%9C%3Cbr%3E%E3%80%80Market+participants+analyze+the+increasing+number+of+ships+without+specific+contracts+around+Singapore+as+follows.+These+ships+without+specific+contracts+are+VLCCs+operated+by+foreign+shipping+companies%2C+which+load+crude+oil+in+the+Middle+East%2C+unload+it+in+the+Far+East%2C+such+as+China%2C+South+Korea+or+Japan%2C+and+then+often+float+in+Singapore.%3Cbr%3E%E3%80%80According+to+the+source%2C+the+number+of+ships+without+specific+contracts+in+Singapore+was+around+15+to+20+as+of+the+first+week+of+May%2C+and+is+believed+to+be+at+the+same+level+as+of+May+9.%3Cbr%3E%E3%80%80The+spot+charter+market+is+lackluster+not+only+for+Middle+Eastern+loading%2C+but+also+for+Atlantic+loading+from+the+Gulf+of+Mexico%2C+Brazil%2C+West+Africa%2C+and+other+areas.+In+this+situation%2C+overseas+companies+appear+to+be+carefully+deciding+which+market+to+launch+their+vessels+into.%3Cbr%3E%E3%80%80%E2%96%A0+Below+WS60%3Cbr%3E%E3%80%80In+the+Middle+East%2C+there+has+been+a+noticeable+surplus+of+ships+since+late+last+month.+There+is+a+growing+number+of+ships+without+specific+contracts+that+are+unable+to+secure+any+deals.+The+size+of+the+fleet+is+estimated+to+be+around+70+ships%2C+and+even+as+oil-producing+countries+begin+to+increase+production%2C+stagnant+demand+for+crude+oil+is+having+an+impact%2C+with+%E2%80%9Cthere+are+no+signs+of+the+surplus+of+ships+being+resolved%2C%E2%80%9C+according+to+a+market+insider.%3Cbr%3E%E3%80%80Under+these+circumstances%2C+if+ships+without+specific+contracts+around+Singapore+head+to+the+Middle+East%2C+further+softening+is+inevitable.%3Cbr%3E%E3%80%80In+the+latest+market+report%2C+the+Middle+East-China+freight+index+Worldscale+%28WS%29+was+at+59.55%2C+down+0.30+points+from+the+previous+business+day.+The+charter+rate+is+%2435%2C000+per+day+for+a+ship+using+more+expensive+VLSFO+%28very+low-sulfur+fuel+oil%29%2C+and+%2443%2C500+per+day+for+a+ship+using+high-sulfur+heavy+oil+and+equipped+with+a+scrubber+%28exhaust+gas+cleaning+system%29.%3Cbr%3E%E3%80%80A+market+insider+pointed+out+that+%E2%80%9Cit+would+not+be+surprising+if+deals+were+concluded+at+a+level+below+the+general+break-even+point+of+%2430%2C000+when+using+VLSFO.%E2%80%9C%3Cbr%3E%E3%80%80Regarding+the+VLCC+market%2C+demand+for+crude+oil+cargoes+is+sluggish%2C+and+although+OPEC+%28Organization+of+Petroleum+Exporting+Countries%29+Plus+interested+countries+began+increasing+production+by+411%2C000+barrels+per+day+this+month%2C+prices+are+falling+further.+A+similar+increase+in+production+is+scheduled+to+be+implemented+in+June%2C+but+as+the+surplus+of+ships+remains%2C+the+market+situation+in+the+Middle+East+is+expected+to+continue+in+favor+of+charterers+for+the+time+being.%3Cbr%3E%E3%80%80The+Atlantic+market%2C+where+shipping+allowances+for+June+have+begun+ahead+of+the+Middle+East%2C+is+also+said+to+be+lacking+in+excitement+with+only+a+limited+number+of+deals+being+concluded.%3Cbr%3E%E3%80%80Attention+will+be+focused+on+whether+ships+without+specific+contracts+around+Singapore+will+head+to+the+Middle+East+or+the+Atlantic+Ocean+in+the+future.%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%A4%BA%E3%81%AB%E3%82%82%E3%80%81%E3%81%84%E3%81%8B%E3%81%AA%E3%82%8B%E4%BF%9D%E8%A8%BC%E3%82%82%E3%81%97%E3%81%BE%E3%81%9B%E3%82%93%E3%80%82%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%83%A6%E3%83%BC%E3%82%B6%E3%83%BC%E3%81%AF%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%8C%E3%80%81%E8%87%AA%E5%8B%95%E7%9A%84%E3%81%8B%E3%81%A4%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E6%83%85%E5%A0%B1%E3%82%92%E8%AA%8D%E8%AD%98%E3%83%BB%E5%88%86%E6%9E%90%E3%81%97%E3%81%A6%E7%B5%90%E6%9E%9C%E3%82%92%E5%87%BA%E5%8A%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E4%BD%BF%E7%94%A8%E3%81%97%E3%81%9F%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%A7%E3%81%82%E3%82%8B%E3%81%93%E3%81%A8%E3%82%92%E5%8D%81%E5%88%86%E3%81%AB%E7%90%86%E8%A7%A3%E3%81%97%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E5%88%A9%E7%94%A8%E3%81%99%E3%82%8B%E3%82%82%E3%81%AE%E3%81%A8%E3%81%97%E3%81%BE%E3%81%99%E3%80%82%3Cbr%3E