Yet another good week for the Aframax segment, with increasing rates. Based on last weeks development, it is obvious that there are more oil being transported from non-OPEC countries, since the Aframax rates was significantly stronger than both VLCC and Suezmax.

Great activity is being reported in the North Sea but also in the Caribbeans. This is typically areas where Aframax is prefered. We expect the development to last.

Aframax – 12 months charter rate: $18.500 pr day

Aframax – Average rate in the spot market: $48.900 per day


Dry Bulk

Baltic Dry Index rose 2,1% last week and closed on 1.401 points.

The rates for Panamax rose 0,7% to $11.828 per day. It was a relatively good week across the segment, with increasing rates for the three largest vessel classes. There are still some time before the year comes to an end, but it is surely moving toward a significantly higher average for 2018 versus 2017 for both Panamax and Supramax segments. Capesize, which have had an especially bad ending of the year, seems to end the year at approximately the same level as the year before.

Capesize 12 months charter rate: $17.500 per day

Panamax 12 months charter rate: $12.750 per day



The activity in the secondhand market is getting quiet and it seems like most people are in holiday mode. A handful of tankers was traded last week, but none with interest form us.

In the dry bulk segment, there were few transactions, amongst them a Kamsarmax from 2012 which changed owner. The vessels is chinese build and the prices is said to be $20,3 million.