Pradeep Rajan

An avid freight market watcher. Intrepid follower of trade and commodity flows. Views expressed are my own.

[Pradeep Rajan @avan1809]

https://t.co/y5OaWtBq4J

[Pradeep Rajan @avan1809]

@MarkGottlieb And you believe what Head said is true? Have you checked with Jaiswal on this?

[Pradeep Rajan @avan1809]

@7Cricket @BCCI, @IPL @PunjabKingsIPL should have nothing to with this chap @RickyPonting17 who never played in the spirit of the game.

[Natural Gas by S&P Global Energy @SPGEnergyGas]

This year marks the 40th anniversary of APPEC, one of the most important events in the oil and energy industry calendar. From September 9-11, our attendees discuss the latest news, challenges, and opportunities impacting energy markets. Follow along with #APPEC

[S&P Global Energy @EnergySPG]

The stage is set for APPEC 2024! We can't wait to welcome you all tomorrow to another amazing event! #APPEC

[Pradeep Rajan @avan1809]

@VandanaHari_SG Shipping sector in a way sent this message out a couple of years ago when many owners went for LNG dual fuel ship newbuildings.

[Pradeep Rajan @avan1809]

@ed_fin Torm would make $48 mil on a 3-year TC. I think back in 2021, T Helene was built at a cost of $50 million.

[Pradeep Rajan @avan1809]

@plmlindstroem Congratulations Peter!

[Pradeep Rajan @avan1809]

Mideast crisis continuing since mid-20th century…no end in sight…#oil and #freight markets on the edge… https://t.co/apHJIPWdAq

[Pradeep Rajan @avan1809]

#Tanker, #Drybulk, #Container #Shipping traffic facing rough seas across Strait of #Hormoz , Red Sea , across vital shipping lanes #Suezcanal #Panamacanal (drought-hit). Anyone looking to price in freight has to allocate the lion’s share to #Geopolitics & #Weather factors.

[Pradeep Rajan @avan1809]

Gigantic #LNG dual fuel #Newcastlemax class dry bulk carriers earning far better than Capesize ships over last 12 months. #Platts time charter equivalent weighted #NMAX GT4 Index reflects daily earnings accrued on LNG-fueled Newcastlemaxes.
@SPGCILNG @SPGCIShipping @SPGCICoal

[Pradeep Rajan @avan1809]

@VandanaHari_SG And this inefficiency is helping the tanker freight market! Shipping markets cash in on inefficiencies - the more of it, the better for those controlling tonnages. Inefficiencies help to increase ton days and ton miles -- resulting in bumper earnings.

[Pradeep Rajan @avan1809]

How did the primary mover of #crude -- #VLCC aka #Supertanker -- perform in March? Keep tracking #Platts Global VLCC Index #GVI 7 / #GVI 7S . VLCCs without scrubbers averaged $42,527/day; scrubber-fitted tonnage raked in $57,238/day; Scrubber premium avg $14,711/day.

[Pradeep Rajan @avan1809]

Platts Dry Index #PDI is a barometer of #drybulk market's performance. Q1 2024 saw dry bulk freight market's earnings averaging $19,349/day basis non-scrubber ships, $23,621/day on scrubber-fitted ships. Q4 scrubber premium averaged $4271/day.

[Pradeep Rajan @avan1809]

@ed_fin Platts assessment at w255; LR2’s - tonnage galore for April H1 ; LR1’s AG-UKC down to $5 million via Cape of Good Hope. We have seen bit of correction since last week. clean market volatile. doesn’t take much to make quick comeback

[Pradeep Rajan @avan1809]

#Tankers sprint ahead again - LR2 AG-Japan 75kt - w300; LR1 AG-Japan 55kt - w300; MR AG-Japan w295, AG-East Africa 35kt - w395; VLCC PG-China 270kt - w83.

[Pradeep Rajan @avan1809]

@ed_fin With both canals - suez & panama - simultaneously witnessing semi-blockades, something unprecedented in our times, it doesn't take much for tanker/dry bulk freight rates to make a robust come back. Canal conundrums plus EU ETS induced slow steaming = big moolah for owners

[Pradeep Rajan @avan1809]

VLCCs powering up— d-on-day jump by over $10k!

[Pradeep Rajan @avan1809]

Freight markets holding steady...