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Week 33 has been a relatively steady and calm week in the tanker market. Earnings remain at roughly the same levels as last week. In the Aframax segment, shipowners are hoping for a small momentum in the coming weeks, mainly as a result of a busier market in the Mediterranean/Black Sea.

Aframax – 12 month TC: $19,750 pr. day
Aframax – Average spot market rate: $11,023 pr. day

Dry Bulk:

The larger segments within dry cargo have had an adventurous week. In the Panamax segment, a lot of cargo has been fixed, which has led to a tighter tonnage list. In the Pacific, rates were backed by Australian minerals and grain cargo, while demand from the Gulf of America has dragged down further tonnage.

Capesize 12 month TC: $17,750
Kamsarmax 12 month TC: $13,250



Although it has been the summer holiday, there has been activity in the secondary market. A 2005 built VLCC (302,477 dwt, Kawasaki HI) was sold for $27m, with a deadline to complete the Special Survey immediately.


There have been several transactions in the Kamsarmax segment, with uplifting values. Two Kamsarmax vessels (81,361 dwt, built in 2017, Namura Shipbuilding) were sold in a block trade for a price of $26m per ship. In comparison, a newly built vessel of the same type was sold for $29m back in June.