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In the Aframax segment, the week started with  significantly higher activity than what we have seen recently. The balance of power seems to be gradually shift, and it seems that the shipowners now have an advantage. Summer is coming to an end and long-awaited volatility is on the horizon. Rates in the Black Sea and the Mediterranean rose by 20% week after week. In the VLCC segment, we saw a flat development from the week before. The Suezmax segment got a small blow, and ended with a rate decrease of 15%.

Aframax – 12 month TC: $19,750 pr. day
Aframax – Average spot market rate: $12,265 pr. day

Dry Bulk:

Relatively strong week for medium-sized dry cargo shipowners. Grain trades to the east support well in the Panamax segment and show the way up for BPI. Several kamsarmax have now been completed in 8-12 months. Transactions of $13-14,500 per. day. It’s been a few long quarters since we last saw those rates. The Capesize segment was at rest throughout the week, but a comeback is expected next week.

Capesize 12 month TC: $17,125
Kamsarmax 12 month TC: $14,125



No transactions of interest.


No transactions of interest.