據(jù)美國(guó)油價(jià)網(wǎng)2022年5月6日?qǐng)?bào)道，根據(jù)美國(guó)貨運(yùn)數(shù)據(jù)和分析提供商FreightWaves發(fā)布的統(tǒng)計(jì)數(shù)據(jù)，由于美國(guó)柴油價(jià)格飆升以及需求飆升，美國(guó)出口繼續(xù)大幅增長(zhǎng)，成品油運(yùn)輸船的運(yùn)營(yíng)表現(xiàn)現(xiàn)在超過(guò)了原油運(yùn)輸船，原油運(yùn)輸船的運(yùn)營(yíng)仍低于盈虧平衡點(diǎn)。

雖然原油運(yùn)輸船在黑海、波羅的海和地中海等從軍事沖突影響的地區(qū)受益，但總體而言，“由于歐佩克無(wú)法滿足報(bào)價(jià)等，原油市場(chǎng)一直在平衡新的更長(zhǎng)貿(mào)易路線。”FreightWaves援引美國(guó)投行Evercore ISI的喬恩·夏貝爾的話如是說(shuō)。

雖然夏貝爾認(rèn)為原油運(yùn)輸船的表現(xiàn)“最終”會(huì)趕上來(lái)，但目前，主要還是運(yùn)輸成品油的成品油運(yùn)輸船。

貿(mào)易風(fēng)（Tradewinds）援引奧斯陸證券公司Clarksons Platou Securities分析師的話稱，今年迄今為止，油輪股票估值上漲了近50%，運(yùn)費(fèi)從第一季度到第二季度翻了一番。  

根據(jù)勞氏船級(jí)社的數(shù)據(jù)，2021年至2023年間，成品油運(yùn)輸船的運(yùn)輸量預(yù)計(jì)將以年平均9.5%的速度增長(zhǎng)。  

據(jù)Tradewinds報(bào)道，由于歐洲需求激增，LR2型油輪的運(yùn)費(fèi)每日上漲了17000美元，而MR型油輪的運(yùn)費(fèi)在4月中旬已經(jīng)上漲了60%，達(dá)到了56000美元/天。

據(jù)英國(guó)大型綜合船舶服務(wù)公司Clarksons Platou報(bào)道，現(xiàn)代建造的MR型油輪在現(xiàn)貨市場(chǎng)的日收益約為49800美元，是去年平均價(jià)格的四倍多，盈虧平衡價(jià)格為1.8萬(wàn)美元。

然而，成品油運(yùn)輸船公司的收益還沒(méi)有趕上這一強(qiáng)勁表現(xiàn)，但第二季度的業(yè)績(jī)可能會(huì)告訴我們一個(gè)截然不同的故事。

總部位于百慕大的阿德莫爾航運(yùn)公司周三公布，其第一季度虧損700萬(wàn)美元或每股23美分，但仍超過(guò)華爾街預(yù)期，營(yíng)收為6340萬(wàn)美元，幾乎是美國(guó)著名投研機(jī)構(gòu)Zacks調(diào)查的3360萬(wàn)美元的兩倍。  

李峻 編譯自 美國(guó)油價(jià)網(wǎng)

原文如下：

Oil Product Tankers Outperform Crude Tankers

As U.S. diesel prices soar, U.S. exports continue to rise significantly on skyrocketing demand, refined oil product tankers are now outperforming crude tankers, which continue to operate below their break even point, according to FreightWaves. 

While crude oil tankers are benefiting in regions affected by the war, such as the Black Sea, the Baltic Sea and the Mediterranean, overall, “the crude markets have been balancing new longer trade routes with the inability of OPEC to meet quotes” FreightWaves cited Evercore ISI’s Jon Chappell as saying. 

While Chappell thinks that crude tankers will “eventually” catch up, right now, it’s all about product tankers hauling refined oil. 

TradeWinds cites analysts at Clarksons Platou Securities as saying that tanker stock valuations have risen by nearly 50% so far this year, with freight rates doubling from Q1 to Q2. 

According to Lloyd’s List, refined oil products tanker transport is expected to grow at an average rate of 9.5% between 2021 and 2023. 

LR2 product tanker rates have reportedly jumped $17,000 per day on soaring European demand, according to Tradewinds, while MR tankers were already seeing 60% jumps in rates to as much as $56,000 per day in mid-April.

According to Clarksons Platou, modern-built MRs are now bringing in about $49,800 per day in the spot market–more than four times last year’s average rate, noting that the break even rate is $18,000, Freight Waves reported. 

Earnings for product tanker companies have not yet necessarily caught up with this overperformance, however, but Q2 results could tell a much different story. 

Bermuda-based Ardmore Shipping Corp. (ASC) on Wednesday reported a loss of $7 million (23 cents per share) in its first quarter, but still beat Wall Street expectations with revenue of $63.4 million–nearly double the Zacks survey of $33.6 million.