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There has been little activity to report on in tanks in week 5 across all major tank segments. The rates are slightly dropping. It is worth noting that more stakeholders in the tanker market are beginning to position themselves for the rebound which is expected beyond 2021, with good activity in the secondary market, among other things.

Aframax – 12 month TC: $14,500 pr. day
Aframax – Average spot market rate: $5,876 pr. day

Dry Bulk:

The dry cargo market continues the good trend, especially the Panamax rates, which are very good during the day. Both the Atlantic, Pacific and US Gulf currently represent a very stable flow of cargo.

Capesize 12 month TC: $17,375
Kamsarmax 12 month TC: $15,000



LR2 has had a busy week, with three newbuild sales to report on. The price is set at $52.5m for the two of them, respectively, while the last one was sold for $56m. These must be said to be positive transactions for the market.

Dry Bulk:

Scorpio Bulkers continues its sell-off in dry cargo, with as many as 4 Kamsarmax and 3 Ultramax sales to Star Bulk Carriers. The payment structure includes shares in Star Bulk and that Star Bulk is linked to $102.3m in leasing obligations.