Transportation-Shipping Daily-05/19/2026

Research evidence excerpt

Transportation-Shipping Daily-05/19/2026

Shipping Daily

19 MAY 2026

• Spot rates: VLCC activity still good in the West, and rates holding well TankerAveragespotof keyratesroutes: YesterdayECO - no scrubberchange % Non-ECOYesterday- nochangescrubber% Scrubberpremium

there. Quieter elsewhere, although some signs of stability across the VLCC (TD3_C) USD/day $447 700 -0.7% $440 000 -0.7% $2 000

crude segments. Product tankers softer, with limited activity both East SuezmaxAframax (TD20) "" $85$65 600000 -3.1%-2.3% $81$55 400800 -3.3%-2.6% $1$800250

and West. Drybulk with a slower start yesterday, continuing the trend LR2LR1 "" $115$101 500400 -3.8%-4.0% $110$96 100600 -4.0%-4.2% $800$600

from late last week. FFAs also slightly lower this morning. VLGCs holding MR (West) $40 700 -2.8% $35 400 -3.2% $500

in the West – again at historically high levels. MRMarket(East)indicators: Last 6 days " Last$38 price400 1-day-3.7%ch. Week$33 100ago 1-week-4.2%ch. 1-month$500 ch.

• Mixed in the US yesterday with the Dow (+0.3%) outperforming. Futures WTIBrentoiloilpriceprice USD/bbl" $108.0$109.9 -0.6%-1.9% $102.2$107.8 2.0%5.7% 15.1%20.5%

lower overnight and mixed in Asia this morning. Brent trades at $110/bbl Oil import data Last 6 months Last data Month ago 1-month ch. Year ago 1-yr ch.

after Trump said he held off on a planned military strike against Iran to USChinacrudecrudeoil importsoil imports mill.boe/day" 5.89.4 11.86.5 -10.9%-20.5% 11.75.5 -20.0%4.6%

allow for talks. Mostly higher for shipping equities yesterday. Focus on OPEC oil production " 20.6 21.0 -2.0% 27.3 -24.8%

CMB.TECH this morning, reporting solid Q1 numbers and Q2 guidance. Drybulk (VLSFO) 6 Lastdays Yesterday change1-day % Week ago change1-week% change1-month%

Capesize USD/day $41 959 -3.3% $41 630 0.8% 18.2%