(translated from Norwegian by google)

Earnings remain in place in the Aframax segment. In the case of VLCC and Suezmax, the attack in the Hormuz Strait has contributed to increased average earnings, as a war premium has occurred to sail through the strait at the moment. This will also reduce the effective fleet. This confirms that geopolitical turmoil exclusively supports the freight market. Now, 3-year lease contracts for Aframax are also being drawn for $ 21,500 a day.

Aframax – 12 month lease: $ 21,625 per day
Aframax – Average spot market rate: $ 14,804 per day

Dry Bulk
Following the marked increase in the earnings of the Capesize vessels last week, the market has now stabilized. In the future, it is the Brazil-China route that will be the driver of the dry cargo market when soybean exports start in July. Panamax also stays stable with similar earnings as last week. What’s very interesting is that 1 year lease for Capesize has increased from $ 15,750 to $ 17,125 in just one week!

Capesize 12-month lease: $ 17,125 per day
Panamax 12-month lease: $ 11,650 per day

S & P
There were no trades of interest in the secondary tanker market.

In the secondary market, a 2014-built Panamax went on 81,955 dwt to $ 23m last week. This is the average price of a 5 year old Panamax ship so far this year.