VLCC had a good rise this week with a little over 100% in the spot rates. We still expect volatility, but these signals are a good sign. The closer we get to winter, the better the tanker market rates get. The Suezmax and Aframax segments, on the other hand, had a very quiet week that was very reminiscent of the week before.
Aframax – 12 month TC: $19,750 pr. day
Aframax – Average spot market rate: $7,327 pr. day
Capesize rates make a small leap as iron ore exports from Australia increase gradually. We have also seen an increase in iron ore prices, which can be explained by the fact that China’s demand for the raw material is expected to be at a high level going forward. Grain exports from South America have been on the other side of the curve. It was a very quiet week, which was reflected in the smaller ship classes.
Capesize 12 month TC: $17,125
Kamsarmax 12 month TC: $13,450
No transactions of interest.
Mo transactions of interest.