The rates are “soft” across the supertanker segments. Refineries across the globe are now in the process of their maintenance period, which is expected to be completed within the next few weeks. When the maintenance period is over, we will see higher inputs, directly translated into greater activity in the tanker market. The tornado season is underway, this will cause delays in the gulf, this will create temporary “spikes” in the rates.
Aframax – 12 month TC: $19,750 pr. day
Aframax – Average spot market rate: $10,784 pr. day
The rates in dry cargo have improved in recent weeks and last week was no exception. Activity across commodities and ship types is up. We expect the dry cargo market to produce somewhat higher rates in the time to come. As activity has been stronger over time, we now see that more sales are being made, and that values have begun to creep upwards.
Capesize 12 month TC: $17,125
Kamsarmax 12 month TC: $14,125
Super Lady (105,528 dwt) built 2000 was sold for $11m earlier this week. This is a strong transaction that is slightly above the previous transaction of “vintage” Aframax. Ref. Seadance (105,476 dwt) built in 1999 which was sold for $9m back in June.
No transactions of interest.