Rates are rising marginally this week, however, the tonnage list has still been longer than what the activity has been. It is also registered that Libya has resumed oil exports, which will hopefully provide support for earnings in the coming weeks. Oil demand continues to improve, which is of course good news.
Aframax – 12 month TC: $20,500 pr. day
Aframax – Average spot market rate: $8,173 pr. day
The dry bulk market continues to remain strong. The rates remain at about the same levels as last week in most classes. Going forward, we expect that increased Brazilian iron ore exports will continue to support rates throughout the year. Indicative leases have also received a major boost in recent weeks.
Capesize 12 month TC: $19,750
Kamsarmax 12 month TC: $12,750
No transactions of interest.
High activity in the dry cargo market now, but no transactions of interest.