(translated from Norwegian by google)

Earnings in the Aframax segment had a stable but weak trend last week. VLCC, on the other hand, was the only one of the three major companies that could show significant growth in earnings per share. day. The reason for this is the uncertainty that has arisen in the Middle East in the wake of the attacks on Front Altair and Koukoka Courageous. Despite this, however, the Aframax segment is the highest in terms of% growth in earnings so far this year. American oil production remains stable and could show a slight increase in production of 73,000 barrels per pr. day. Further increase in US oil exports is expected during the autumn. This in turn will help to drag the market further up

Aframax – 12 month lease: $ 21,625 per day
Aframax – Average spot market rate: $ 14,460 per day

Dry Bulk
The week that has passed has been characterized by volatile market forces for the Atlantic Ocean. Increasing demand between China and Brazil is the primary contributor to the fact that the area has attracted more and more ships in the past and lifted the rates, especially for the Capesize segment. In the future, it will probably also be the demand between Brazil and China that will be the driver of dry cargo now that exports of soybeans will fully pick up in the time to come. Panamax, on the other hand, has had a small decline in earnings from last week.

Capesize 12 month lease: $ 18,250 per day
Panamax 12-month lease: $ 11,650 per day


S & P
No transactions of interest

No transactions of interest