航运日报-油轮在即将到来的OPEC+会议前保持稳定

Day AgoChangeWeek AgoYear AgoYTD 2025$40,400-1.7%$41,800$47,200$38,800$47,400-1.7%$48,900$55,300$46,200$48,700-2.1%$50,200$56,900$47,100$34,200-2.3%$36,400$45,300$39,000$37,200-1.9%$39,400$48,800$42,200$37,600-1.9%$39,800$49,900$42,700$32,100-2.8%$33,600$50,800$34,700$34,800-2.6%$36,300$53,900$37,600$35,200-2.8%$36,600$54,700$38,100Day AgoChangeWeek AgoYear AgoYTD 2025$33,0000.3%$34,100$65,000$28,800$36,5000.3%$37,600$69,200$32,400$37,4000.3%$38,500$70,500$33,200$23,300-2.1%$18,900$35,600$20,100$26,700-1.5%$22,300$39,800$23,800$27,200-1.8%$22,700$40,600$24,400Day AgoChangeWeek AgoYear AgoYTD 2025$15,800-5.1%$15,500$21,600$14,000$19,800-3.0%$19,100$26,600$18,300$20,400-3.9%$19,800$27,500$18,900$8,900-4.5%$9,300$13,800$8,100$11,200-2.7%$11,600$16,200$10,500$11,900-4.2%$12,400$17,000$11,100$9,700-1.0%$9,700$14,400$8,400$12,400-0.8%$12,400$16,400$11,100$12,900-0.8%$13,100$16,900$11,600Day AgoChangeWeek AgoYear AgoYTD 2025$4,0000.0%$4,000$30,000$4,000$14,0000.0%$14,000$40,000$12,000$29,0000.0%$30,000$53,000$22,000$50,4000.6%$56,800$67,500$37,000$53,3000.4%$59,600$70,900$40,000$54,9000.2%$61,300$73,100$41,600Day AgoChangeWeek AgoYear AgoYTD 2025$3,1003.2%$3,000$5,300$3,500$4,4000.0%$4,100$6,600$4,600$2,3000.0%$2,200$5,400$3,100$3,6000.0%$3,400$6,500$4,200 Omar Nokta * | Equity Analyst1 (212) 778-8405 | onokta@jefferies.comJaeyoung McGarry * | Equity Associate(212) 778-8358 | jmcgarry@jefferies.comEmily Harkins * | Equity Associate+1 (212) 778-8584 | eharkins@jefferies.comTanker spot rates are steady across theboard with little changes in the crude andproduct segments over the past few days.This is in part due to the extended holidayweekend in the US and UK markets. OPEC+ members are scheduled to meet laterthis week on May 31st to discuss plansfor production during July. The alliancepreviouslyagreed on two acceleratedoutput boosts for each of May and Junefor411,000 bpd,and there are somereports suggesting another 411,000 bpdcouldbe agreed again for July.Somemembers have refuted this ahead of themeeting however. In general, the majorityof the recent added production is comingfrom the Middle East market, which issupportive to VLCCs, as most volumes inthe region are carried by this segment. Weestimate VLCC capacity utilization is nowabove 90%, setting the stage for strongerrates during the normally seasonally softsummer months and for a break out duringthe second half of 2025 as fleet capacityremains constrained. Crude Tanker RatesChart 1 - VLCC Crude Tanker Spot Rates per day (eco).$0$20,000$40,000$60,000$80,000$100,000$120,000Jan-24Apr-24Source: Baltic Exchange, Jefferies LLCChart 3 - Suezmax Crude Tanker Spot Rates per day (eco).$0$10,000$20,000$30,000$40,000$50,000$60,000$70,000$80,000Jan-24Apr-24Source: Baltic Exchange, Jefferies LLCChart 5 - Aframax Crude Tanker Spot Rates per day (eco).$0$20,000$40,000$60,000$80,000$100,000$120,000Jan-24Apr-24Source: Baltic Exchange, Jefferies LLCPlease see important disclosure information on pages 8 - 12 of this report.This report is intended for Jefferies clients only. Unauthorized distribution is prohibited. Jul-24Jul-24Jul-24 Product Tanker RatesChart 7 - LR2 Product Tanker Spot Rates per day (eco).$0$20,000$40,000$60,000$80,000$100,000$120,000Jan-24Apr-24Source: Baltic Exchange, Jefferies LLCChart 9 - MR Product Tanker Spot Rates per day (eco).$0$10,000$20,000$30,000$40,000$50,000$60,000Jan-24Apr-24Source: Baltic Exchange, Jefferies LLCPlease see important disclosure information on pages 8 - 12 of this report.This report is intended for Jefferies clients only. Unauthorized distribution is prohibited. Jul-24Jul-24Oct-24 Dry Bulk RatesChart 11 - Capesize Spot Rates per day (eco).$0$10,000$20,000$30,000$40,000$50,000$60,000Jan-24Apr-24Source: Baltic Exchange, Jefferies LLCChart 13 - Kamsarmax Spot Rates per day.$0$5,000$10,000$15,000$20,000$25,000Jan-24Apr-24Source: Baltic Exchange, Jefferies LLCChart 15 - Ultramax Spot Rates per day.$0$5,000$10,000$15,000$20,000$25,000Jan-24Apr-24Source: Baltic Exchange, Jefferies LLCPlease see important disclosure information on pages 8 - 12 of this report.This report is intended for Jefferies clients only. Unauthorized distribution is prohibited. .Source: Baltic Exchange, Jefferies LLCChart 16 - Ultramax Annual Spot Rate Averages.$28,000$24,000$-$5,000$10,000$15,000$20,000$25,000$30,00020212022Source: Baltic Exchange, Jefferies LLC LNG & LPG RatesChart 17 - LNG Spot Rates per day (MEGI).$0$20,000$40,000$60,000$80,000$100,000$120,000$140,000Jan-24Apr-24Source: S&P Global Platts, Jefferies LLCChart 19 - VLGC Spot Rates per day (eco).$0$20,000$40,000$60,000$80,000$100,000$120,000$140,000Jan-24Apr-24Source: Baltic Exchange, Jefferies LLCPlease see important disclosure information on pages 8 - 12 of this report.This report is intended for Jefferies clients only. Unauthorized distribution is prohibited. Jul-24Jul-24 .Source: S&P Global Platts, Jefferies LLCChart 20 - VLGC Annual Spot Rate Averages (eco).$38,000$57,000$-$20,000$40,000$