VLCC rates have remained stably solid as a result of a relatively tight tonnage list as several tankers have entered into floating stock contracts. Activity has been relatively high with reference to China’s record high oil imports that have employed VLCC vessels. Aframax’s earnings have come under further pressure as demand remains weak globally.
Aframax – 12 month TC: $23,750 pr. day
Aframax – Average spot market rate: $13,469 pr. day
The dry cargo market continues a very promising trend, with the Baltic Dry Index rising for the eighth day in a row. The Capesize rates in particular have made a comeback, this of course due to global easing of restrictions. The fixed leases have risen, which confirms a long-awaited longer momentum in the market.
Capesize 12 month TC: $13,500
Kamsarmax 12 month TC: $10,050
No transactions of interest to report.
Lots of activity, but no transactions of interest.