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
The rates continue to fall among Capesize and have dropped by 25% compared to last week. The Panamax segment remains stable. There is a slight increase in the tonnage list, but great demand keeps it in check for now. Furthermore, strong Chinese demand for steel is expected.
Capesize 12 month TC: $28,125
Kamsarmax 12 month TC: $24,875
After a few busy weeks, there have been no transactions of interest.
There have been no transactions of interest.