CopenhagenCopenhagenLausanne Mon - Fri 08:30-16:30 +45 72 73 21 00 Mon - Fri 08:30-16:30 +41 21 508 7093

Tankers weekly:

It was a relatively quiet week in the tanker market last week. We saw similar earnings as the week before. The North Sea and the Baltic Sea settled well due to the contaminated oil from Russia, which contained too high levels of organic chloride. This has led to a solid demand growth for tankers in the area of supply of alternative oil. 1 year TC stays stable at $ 20,500. We expect these to continue to rise as we move out of refiners’ maintenance period, which is expected in May.
Aframax – 1yr TC: $20.500 per day
Aframax – Avarage spot:  $11.791 per day
Dry Bulk Weekly:

The dry cargo market then recovered last week, after positive news from Brazil that Vale seems to start production again. This led to positive earnings growth in the Atlantic. This has mainly been positive for the Capesize segment, but we also see that several positive trades in the Panamax segment mean that earnings remain stable to positive.
Capesize – 1yr TC: $15.000 per day
Panamax – 1yr TC: $11.000 per dag
S&P Weekly:
There have been no transactions of interest in the secondhand market. There have been some transactions in the two largest super tankers, these have been in line with the market as it is today.

Dry Bulk:
The transactions in the dry cargo market have mainly been smaller vessels. There has been one Panamax (76,319 dwt, built in 2001, Tsuneishi Tadotsu SB). It was sold to Chinese buyers for $ 7m