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Rates continue to rise in the Aframax segment, with an increase of just under 20% from the past week. We notice once again that figures from the USA are helping to lift the market significantly, where, among other things, the route Caribbean – US Gulf was over $21,000 a day last week.

Aframax – 12 month TC: $17,375 pr. day
Aframax – Average spot market rate: $10,828 pr. day

Dry Bulk:

The dry cargo market had a slight upswing last week. The Capesize segment was relatively stable, while the Panamax segment rose 15%. The Chinese demand for iron ore is strong, while coal imports also seem to be rising. The only negative factor is the import of soybeans, which can affect trades from the US and have a negative impact on the Panamax and Supramax segment.

Capesize 12 month TC: $15,875
Kamsarmax 12 month TC: $12,200



There were two ships of interest. A VLCC (300,727 dwt, built in 2003, Mitsui SB (Chiba)) was sold for $23.85m. An LR2 (105,258 dwt, built in 2012, Hyndai HI (Ulsan)) was  sold for $24m.

Dry Bulk:

A ship of interest was sold last week. A Kamsarmax (82,165 dwt, built in 2013, Tsuneishi Zosen) was sold for $16.65m.