May 5th, 2017

Newbuilding deliveries

Build month as it stands today

We promised on outlook for CPP trades last week. Over the past 5 days we have added to our supply / demand model forecasts for trade in mixed aromatics, light cycle oil and VGO. We have added an estimate for the future volume of inter-regional CPP flows that can only be identified by tracking AIS vessel movements. We have calculated the distance these flows move to generate our estimate of dwt demand. We have compared this to our estimate of future supply, both with and without future orders. What we have not done Рthe curse of weekly report deadlines Рis rigorously checked our numbers. As such we are not comfortable publishing our results today. Instead we will show you one key element of that study Рhow the existing orderbook looks by delivery month.

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Contact Braemar ACM Research at [email protected]