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


Among the tanker segment, Suezmax has shown momentum with further improvements in rates of 72%. Rates are also rising among VLCC, while Aframax is holding at levels similar to those of the previous week. An increase of 72% is noteworthy, however, Suezmax rates will remain well below break-even levels. In July, world oil consumption increased by 22%, to 98.10 million barrels of oil per day from 80.35m barrels of oil per day in April 2020. In the long term, we expect this to have a positive effect on the tanker market even though the pandemic and local lockdowns continue.

Aframax – 12 month TC: $15,500 pr. day
Aframax – Average spot market rate: $8,397 pr. day

Dry bulk:

Demand for chartering remains stable across the dry cargo segment. It is despite renewed pandemic-related restrictions in China that caused coking coal futures to rise to new highs. The growth is caused by the rumors of a temporary slowdown in coal imports from Mongolia due to covid-19 related concerns. We expect to see the market remaining stable over the coming weeks.

Capesize 12 month TC: $32,000
Kamsarmax 12 month TC: $30,625



No transactions of interest.

Dry Bulk

No transactions of interest.