Shipping Daily-05/13/2026

Research evidence excerpt

Shipping Daily-05/13/2026

Shipping Daily

13 MAY 2026

• Spot rates: Still an on-going correction for the aframaxes, with TankerAveragespotof keyratesroutes: YesterdayECO - no scrubberchange % Non-ECOYesterday- nochangescrubber% Scrubberpremium

momentum also slower for suezmaxes in WAFR this week. MRs in the VLCC (TD3_C) USD/day $454 100 -0.7% $446 400 -0.7% $2 000

West appear to have found some support, though FFAs were still down SuezmaxAframax (TD20) "" $82$71 800400 -6.8%-8.8% $78$62 600200 -7.2%-9.9% $1$800250

yesterday. Drybulk is maintaining its shape – with FFAs also LR2LR1 "" $123$106 300900 -0.4%0.3% $118$101 400600 -0.4%0.4% $800$600

strengthening continuously through the session yesterday; and trading MR (West) $51 700 5.6% $46 400 6.3% $500

nicely up this morning too. VLGCs still strong – more below. MRMarket(East)indicators: Last 6 days " Last$45 price500 1-day-0.8%ch. Week$40 200ago 1-week-0.9%ch. 1-month$500 ch.

• US markets mostly down yesterday, with the Nasdaq underperforming. BrentWTI oiloilpriceprice USD/bbl" $106.2$100.6 -1.4%-1.5% $101.3$95.1 4.9%5.8% 6.9%1.6%

Focus on Trump’s visit to China this morning – with more optimism in the Oil import data Last 6 months Last data Month ago 1-month ch. Year ago 1-yr ch.

markets and futures higher now. Oil prices slightly down, no major news USChinacrudecrudeoil importsoil imports mill.boe/day" 5.89.4 11.86.5 -10.9%-20.5% 11.75.5 -20.0%4.6%

re: the Iran – US war. Shipping mixed, drybulk continues to perform well OPEC oil production " 20.6 21.0 -2.0% 27.3 -24.8%

as estimates rise and spot rates remain firm. TORM and FLNG with Q1 Drybulk (VLSFO) 6 Lastdays Yesterday change1-day % Week ago change1-week% change1-month%

reports out this morning, OET and TNK to follow after US close.