{"id":28889,"date":"2022-01-20T15:08:02","date_gmt":"2022-01-20T12:08:02","guid":{"rendered":"https:\/\/www.al-sindbad.net\/vlccs-skirt-with-all-time-lows\/28889\/"},"modified":"2022-01-20T15:08:02","modified_gmt":"2022-01-20T12:08:02","slug":"vlccs-skirt-with-all-time-lows","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/vlccs-skirt-with-all-time-lows\/28889\/","title":{"rendered":"VLCCs skirt with all-time lows"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>The miserable start of the year for many big ship types such as capes and VLCCs could set records today.<\/p>\n<p>VLCC rates for vintage, non-scrubber ships on the key Arabian Gulf to China route fell 25% yesterday to $-6,556 per day, according to the Baltic Exchange, putting them on course to breach the all-time low of $-6,779 which was achieved last March.<\/p>\n<p>\u201cOwners are certainly not helped by bunker prices, with Brent at an eight year high, prices are up close to the USD 700\/mt in Singapore, making voyage calculations a harrowing experience,\u201d brokers Fearnleys pointed out in its most recent weekly report.<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>\u201cFundamentals continue to come under pressure with tonnage lists being far too ample,\u201d rival broker BRS noted this week.<\/p>\n<p>In dry bulk, meanwhile, capes have got off to a dire start to the year \u2013 as is common in January \u2013 with today tipped to be the day they dip below the $10,000 per day mark on the Baltic\u2019s 5TC index.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div id=\"div-gpt-ad-1_95_0_1_2\"> <script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });<\/script> <\/div>\n<\/div>\n<\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The miserable start of the year for many big ship types such as capes and VLCCs could set records today. VLCC rates for vintage, non-scrubber ships on the key Arabian Gulf to China route fell 25% yesterday to $-6,556 per day, according to the Baltic Exchange, putting them on course to breach the all-time low &hellip;<\/p>\n","protected":false},"author":1,"featured_media":26675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-28889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=28889"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/26675"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=28889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=28889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=28889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}