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日本海事新聞ニュース Japan Maritime Daily Jun 02, 2025 (Mon)

‌【Market2025】VLCC market weakens below brealeven levels

Market conditions are favoring charterers

　The spot charter market for VLCCs (Very Large Crude Carriers) is on a downward trend. The surplus o ・・・続きはログインして下さいnext %E3%80%80The+spot+charter+market+for+VLCCs+%28Very+Large+Crude+Carriers%29+is+on+a+downward+trend.+The+surplus+of+ships+in+the+Middle+East+had+temporarily+fallen+to+as+low+as+30+but+has+now+increased+again+to+70.+With+the+sluggish+Atlantic+market+as+a+backdrop%2C+it+appears+that+ships+without+specific+contracts+waiting+around+Singapore+have+begun+to+move+to+the+Middle+East+in+earnest.+The+Worldscale+%28WS%29+freight+index+for+the+trunk+line+Middle+East-China+has+fallen+to+the+low+50s.+When+using+VLSFO+%28low+sulfur+fuel+oil%29%2C+which+is+more+expensive+in+terms+of+charter+rates%2C+the+daily+charter+rate+has+fallen+below+the+break-even+point+of+%2426%2C000.%3Cbr%3E%E3%80%80%E2%80%9CThere+are+just+so+many+ships.+In+the+Middle+East%2C+there+are+still+a+large+number+of+VLCC+ships+that+are+without+specific+contracts+with+May+loading+rights.+Unless+these+are+sorted+out%2C+the+market+will+not+improve.%E2%80%9C%3Cbr%3E%E3%80%80A+market+participant+sighed%3A%3Cbr%3E%E3%80%80The+surplus+of+ships+in+the+Middle+East+began+in+late+April.+The+number+was+around+70+ships+in+early+May+but+gradually+decreased+and+remained+at+around+30+ships+in+mid-May.+Now+in+the+fourth+week+of+May%2C+the+number+has+returned+to+70+ships.+Ships+without+specific+contracts+that+had+been+eyeing+markets+around+Singapore+have+moved+to+the+Middle+East+instead+of+the+Atlantic.+This+movement+appears+to+have+become+more+widespread.+If+the+surplus+of+ships+continues%2C+the+market+will+develop+in+favor+of+charterers+and+the+market+will+weaken+further.%3Cbr%3E%E3%80%80According+to+a+market+report%2C+the+Middle+East-China+WS+on+May+29+was+52.10%2C+down+1.10+points+from+the+previous+trading+day.+In+terms+of+charter+freight%2C+the+daily+rate+is+%2434%2C000+for+a+ship+using+high-sulfur+heavy+fuel+oil+%28equipped+with+a+scrubber%2C+or+exhaust+gas+cleaning+system%29%2C+and+%2426%2C000+for+a+ship+using+VLSFO.+The+break-even+point+is+generally+considered+to+be+%2430%2C000.%3Cbr%3E%E3%80%80About+70+deals+have+been+signed+in+the+Middle+East+for+June+loading+so+far.+Currently%2C+the+target+is+ship+chartering+with+commercial+rights+to+load+in+mid-June.%3Cbr%3E%E3%80%80A+market+source+said%2C+%E2%80%9CThe+pace+was+fast+for+early+Jun+loading+but+is+slow+for+mid-June+loading.+It+may+be+difficult+for+June+shipments+to+reach+the+monthly+average+of+136+shipments+recorded+in+the+January-May+period.%E2%80%9C%3Cbr%3E%E3%80%80The+slowdown+in+contracts+is+due+to+sluggish+demand+for+crude+oil%2C+particularly+in+China%2C+the+main+export+market.+It+appears+that+increased+production+is+planned+and+being+implemented+by+a+selection+of+OPEC+%28Organization+of+the+Petroleum+Exporting+Countries%29+Plus+countries+in+May+and+June%2C+but+as+the+surplus+ships+indicate%2C+this+has+not+translated+into+increased+transportation+demand.%3Cbr%3E%E3%80%80Looking+ahead%2C+the+source+said%2C+%E2%80%9CIf+further+increases+in+production+cause+the+price+of+Dubai+crude+to+fall%2C+countries+like+China+may+consider+using+it+for+stockpiling+and+become+more+willing+to+purchase%2C%E2%80%9C+indicating+that+they+will+keep+a+close+eye+on+trends+in+crude+oil+prices.%3Cbr%3E%E3%80%80As+of+May+30%2C+the+prices+of+Dubai+crude+oil%2C+WTI+%28West+Texas+Intermediate%29%2C+and+North+Sea+Brent+are+all+hovering+around+the+%2460+per+barrel+level.%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%8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