Owners with pre-steel price-rise options could be in a competitive position Norway’s Equinor has received a wide range of offers from shipowners for a raft of dual-fuelled aframax and LR2 tanker newbuildings, with some priced at 15% to 20% above recently concluded vessel deals due to the recent hike in steel prices. Brokers said bids...Read More

Tankers: Compared to last week, rates remain relatively stable with limited activity. Furthermore, the oil demand shows clear signs of improvement. This is reflected in OPEC+’s further increase in production. Pre-Covid levels are expected in Q4 already this year. Aframax – 12 month TC: $16,000 pr. day Aframax – Average spot market rate: $10,068 pr. day Dry...Read More

Tankers: Freight prices in the tanker market have had a minor impact on current prices. Several experts have upgraded their assessments of the tanker market from a sell and hold strategy to a hold and buy strategy. Increased oil production and more purchases at refineries are seen as a sign that the world economy is...Read More

Tankers: Rates are largely unchanged among the Aframax and VLCC segments, while the Suezmaxe segment have experienced a decline of approx. 13%. Due to large upswings in steel values, there are currently good trends among shipyard prices. The upswings come as a result of the limited space at the shipyards. This means that the shipbrokers,...Read More