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

The rates generally fell over all the large tank segments. This is due to relatively little cargo that had to be shipped compared to week 17 and that the tonnage list looks a bit longer at the moment. Particularly in the VLCC, there are some ships that unload some crude oil transported from the Middle East to the US Gulf and which will therefore be available tonnage. The Contango curve is milder now than what we have seen in recent weeks, it obviously has a correlation with “relapse” from $80,000 to $50,000 dollars in the spot. We expect volatility going forward, but the long-term trend is clear, 5-year leases are currently being signed at $25,000. It is also gratifying to register higher values in the secondary market as well as stronger one-year leases that have been signed at $38-40,000 a day in Aframax.

Aframax – 12 month TC: $38,750 pr. day
Aframax – Average spot market rate: $52,189 pr. day

Dry Bulk:

Relatively little new to report. The rates remain at about the same levels as last week. We expect the market to slowly but surely pick up in the coming weeks.

Capesize 12 month TC: $11,250
Kamsarmax 12 month TC: $10,000



No transactions in Suezmax or Aframax segments, but VLCC has had some activity. Among other things, a 15-year-old VL (306,998 dwt, 2005, Samsung HI) was sold for $39.4m, which is an impressive price if you look at the transaction last week of a nearly identical ship at a nominal $37.3m.


No transactions of interest to report.