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

The tanker market offers lucrative earnings for the exposed. The week that went by was very similar to the week before. The tanker market is in a situation in which the vast majority of other markets are envious of. Good cash flow and formidable prospects, not just a few months ahead, but years. We see a somewhat cautious market today, some available tonnage has led rates to a lower order than what we’ve seen lately. We expect a fairly similar market in the future. Oil stocks are falling in the US, which indicates that the oil market may have started it’s rehabilitation.

Aframax – 12 month TC: $38,750 pr. day
Aframax – Average spot market rate: $38,489 pr. day

Dry Bulk:

The rates continue in the low climate we have become accustomed to seeing. There is little positivity to be seen in the short term, but the corona situation can lend a helping hand to the dry cargo market in the long term. We will an update of China’s big plans for infrastructure development/economic stimuli after the Chinese parliament meets on Friday, May 22. This could push the market towards sustainable rates. Infrastructure development, as well as scrap activity will pull the dry cargo market up in the long run.

Capesize 12 month TC: $10,125
Kamsarmax 12 month TC: $9,625



No transactions of interest to report.


No transactions of interest to report.