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Among the large tank segment, rates are similar to last week’s levels. Looking at the market in general for August, the contracting of new ships has been on hold, with not a single order registered in the yards. During August, 11 tankers were scrapped and thereby making it the fourth consecutive month holding a double-digit scrabbing figure. Looking forward, we expect the fourth quarter to strengthen interest rates significantly from the current levels.

Aframax – 12 month TC: $15,500 pr. day
Aframax – Average spot market rate: $9,346 pr. day

Dry Bulk:

Capesize rates have weakened significantly on two routes, which is mainly due to the political upheaval in Guinea – the world’s largest producer of bauxite. However, we expect to see rates strengthen going forward.

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



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Dry Bulk

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