Tank
After earnings in the Aframax segment strengthened significantly two weeks ago, there has been a slight decline. What is interesting to see is that one year’s lease contracts have taken a new step in the right direction, which helps to underpin the expectations that the rates will strengthen beyond 2019. By the way, Aframax is the supertanker who sails at the time of writing Strongest earnings. We note that today one year of TC contracts with options for extension to two years with agreed daily rates of well over $ 26,000 per. day through year two of the deal.
Aframax – 12 month lease: $ 21,500 per day
Aframax – Average spot market rate: $ 16,665 per day
Dry Bulk
Earnings in Capesize weakened marginally during the week, after having strengthened well in recent weeks. The Panamax market saw a slight strengthening due to the rise in the trade of metals in the Atlantic, and the earnings in the Pacific remained relatively stable.
Capesize 12 month lease: $ 15,875 per day
Panamax 12 month lease: $ 11,500 per day
S & P
Tank
No transactions of interest
Bulk
It has been a very quiet week in the secondary market for dry cargo ships. A Panamax (76,629 dwt, built in 2006) went to $ 10.6m
