Menu
Rates, in Suezmax and Aframax, are currently looking good with an increase of 101% and 61% respectively. We expect a significantly tighter market this quarter, as dwindling stocks and higher refining margins should lead to increased demand for crude from refiners.
Aframax ECO, 12 months TC
Aframax, Average spot
Suezmax ECO, 12 months TC
Suezmax, Average spot
Source: Clarksons Research
In Capesize, rates continue to strengthen, particularly in the Atlantic, with a tight tonnage list is pushing up rates. Last week, the average spot price was $74,720, representing the highest level in 11 years. Capesize indicative rents have increased by 17% in recent weeks, which is nothing short of impressive.
Capesize, 12 months TC
Kamsarmax, 12 months TC
Source: Clarksons Research
5000 CEU – 12 months TC
6500 CEU – 12 months TC
Source: Clarksons Research
| Type | Tons | Week 40 | Week 39 | + /- |
|---|---|---|---|---|
| VLCC | 300t. | $ 25.500 | $ 25.000 | 2 % |
| Suemax | 180t. | $ 16.250 | $ 16.250 | 0 % |
| Aframax | 120t. | $ 14.500 | $ 14.500 | 0 % |
| MR | 80t. | $ 12.500 | $ 11.750 | 6 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| VLCC | 97.00 | 70.00 | 46.00 | 33.00 |
| Suemax | 67.00 | 48.00 | 32.00 | 19.00 |
| Aframax | 56.00 | 40.00 | 26.00 | 16.50 |
| MR | 43.00 | 31.00 | 20.00 | 12.50 |
| Type | Tons | Week 40 | Week 39 | + /- |
|---|---|---|---|---|
| Capesize | 180t. | $ 40.625 | $ 37.875 | 7 % |
| Panamax | 76t. | $ 30.000 | $ 29.250 | 2.5 % |
| Supramax | 55t. | $ 29.875 | $ 29.000 | 3 % |
| Handysize | 30t. | $ 29.250 | $ 29.000 | 0.9 % |
| Type | Resale | 5y | 10y | |
|---|---|---|---|---|
| Capesize | 58.00 | 47.00 | 35.00 | 22.00 |
| Panamax | 40.00 | 34.00 | 25.00 | 18.00 |
| Supramax | 37.00 | 31.50 | 23.00 | 16.00 |
| Handysize | 29.50 | 25.00 | 17.00 | 11.00 |
Choose your language below
Haakon VII’s gate 1,
0161 Oslo
By using this website and associated sub-domains, you consent to European Maritime Finance using cookies. This website does actively use cookies for tracking users.
Read our Privacy Policy here.