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Tankers The tanker market has been through a fantastic December month, with the Christmas week giving the Aframax segment  average earnings of $73,110 per day. During the New Year’s week, it fell somewhat, but still experienced strong rates of $66,154 per day. We note that this has resulted in both transaction values and longer leases....
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Tankers The tank rates for VLCC and Suezmax remain relatively stable, while the Aframax rates take a 22% upward leap from the previous week. The main reason for this is that the market has experienced delays due to the storms in the North Sea and the Baltic Sea. Rates are expected to increase next week...
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Tankers The rates in the tanker market continue the solid trend. The average rate in Aframax had a marginal increase of 5%, with last week’s average of $ 55,098. We are in the tank market’s peak season, which results in strong earnings across all the large tank segments. What is most interesting, however, is a...
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Tankers  The tanker market remains seasonally strong. The Aframax segment saw a solid week with average rates of $52,502 per day. The past few weeks confirm the strong sentiment in the market, and bode well now that we move into December. We see that the one and two year-term leases draw stronger, and the two...
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