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The Supertankers sail at rates that are far from super strong. Last week presented a flat development from the previous seven days. Even though the tankers sail with weak rates, we have in mind that: “One good sailor always keeps an eye on the horizon, at the same time as he takes care of his ship.”

The strategic ‘onshore stocks’ are back below the five-year average, and OPEC seems to be following its discussed plan to increase production by 400 k barrels a day until December. These factors, together with the end of the refineries’ maintenance period will put rates up in a long-awaited loophole for shipowners.

Aframax – 12 month TC: $15,500 pr. day
Aframax – Average spot market rate: $8,276 pr. day

Dry Bulk:

Capesize, Kamsarmax, Panamax, Supramax have in recent years been negatively charged words in the maritime industry. This has now changed drastically as the demand for bulk carriers remains strong. Likewise, we expect the following weeks to be stable. One of the reasons for the strong market is fleet utilization. It will be exciting to see how the dry cargo market will handle the normalization of the world situation. Fortunately for the dry cargo shipping, we do not expect the bottlenecks in the world’s ports to loosen immediately for the dry cargo ships.

Capesize 12 month TC: $33,000
Kamsarmax 12 month TC: $32,000



No transactions of interest

Dry Bulk

Japanese Daiwa Kisen sold ‘Frontier Phoenix’ 181.356 DWT Capesize to Greek interest for $33.75m. The sale confirms a greater appetite from the dry cargo shipowners and shows that the values are upwards, Ref the sale of a similar ship type at ‘Bulk Denmark’ was sold for $31m. six weeks ago.