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

It has been a very quiet week for the tanker market once again. The good news is that as we cross into September, the historically weak Q3 will soon be over. We expect rates to increase during September in order to have a significant increase in Q4. OPEC expects that 97% of oil demand will be “recovered” by Q4 this year, so that it will see a normalization and growth during 2021. The tanker market is without a doubt worth keeping an eye on in the near future.

Aframax – 12 month TC: $19,750 pr. day
Aframax – Average spot market rate: $10,475 pr. day

Dry Bulk:

The Chinese economy creates a foundation for dry cargo, in that their import activity is over 100% towards the 2019 levels, nevertheless the weekly rates started to fall somewhat. However, after the rates hit rock bottom, they then increased gradually towards the end of the week. The rates are holding up well against the deplorable slopes of recent years. We still expect strong rates over the next few weeks for dry cargo shipowners.

Capesize 12 month TC: $18,453
Kamsarmax 12 month TC: $14,679



No transactions of interest.


No transactions of interest.