CopenhagenCopenhagenLausanne Mon - Fri 08:30-16:30 +45 72 73 21 00 Mon - Fri 08:30-16:30 +41 21 508 7093
info@maritimefinance.dk
Tankers:

The tanker market remains relatively soft. Average income in recent months is between $10-15,000. A fall from over $40,000 between January and May. Weak earnings are a result of the Covid-19 pandemic, where we are currently experiencing declining exports from key regions due to cuts from the world’s oil-producing countries, exacerbated by seasonal weakness. We expect a strong rise in the coming months. On the positive note, the oil blockade around Libya’s production fields has been lifted. This could give a very positive driving force in the market, but we must add that the situation in Libya is still subject to considerable uncertainty.

Aframax – 12 month TC: $19,750 pr. day
Aframax – Average spot market rate: $9,500 pr. day

Dry Bulk:

The Chinese economy continues to accelerate. According to estimates, China is already back on pre-virus growth far earlier than other major economies. This means that the “slowdown” due to Covid-19 has already been fully reversed and that the growth is actually just above the pre-Covid levels. This is very good news for the dry cargo market (essentially the entire maritime sector). The rates rose well over the last week.

Capesize 12 month TC: $17,125
Kamsarmax 12 month TC: $14,125

S&P:

Tankers:

No transactions of interest.

Dry Bulk:

No transactions of interest.