2019 started where 2018 left off, with solid rates for tanker owners. The rates for Aframax declined a bit in December but the earnings just below $40.000 provides solid profits for the actors.

There are great expectations to the tanker market this year based on great scrap activity in 2018 combined with increasing freight demand. It will therefore be exciting to see follow the development this year.

Aframax – 12 months charter rate: $18.500 per day

Aframax – Average rate in the spot market: $38.300 per day


Dry Bulk

Baltic Dry Index decreased with 0,8% last week and closed at 1.260 points.

The rates for Panamax decreased with 6,2% to $10.677 per day. As usual, the market was quiet the first week. The Capesize segment experienced a surprising increase in demand, which contributed to keeping the BDI relatively flat. It is expected that the chartering of dry bulk will increase toward the Chinese new year in the beginning of February.

Capesize 12 month charter rate: $18.000 per day

Panamax 12 months charter rate: $13.000 per day



No transactions was reported in the first week of the year, which is not a surprise. It is expected that the activity will increase as the shipowners are back from vacation.


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