{"id":347,"date":"2018-09-05T15:15:15","date_gmt":"2018-09-05T14:15:15","guid":{"rendered":"http:\/\/pidsite.kmsitsolutions.com\/?p=347"},"modified":"2018-09-05T15:15:15","modified_gmt":"2018-09-05T14:15:15","slug":"aframax-in-the-front-seat","status":"publish","type":"post","link":"https:\/\/maritimefinance.eu\/da\/aframax-in-the-front-seat\/","title":{"rendered":"Aframax in the front seat"},"content":{"rendered":"

Tropical Storm \u201cGordon\u201d tightens the tonnage availability<\/strong><\/p>\n

Aframax owners is currently enjoying remarkably higher rates due to the bad weather in the US Gulf, up almost 15% over night. The average global freight rate has surpassed $16.000 a day, up around $3.000 from last week.<\/p>\n

The Aframax market has been on the strong side the last couple of weeks, with a strong demand trans-Atlantic and a tight tonnage list. The refineries are running at close to maximum capacity and the demand for oil and oil products are on the rise. The current weather conditions will have a positive effect on the freight market and might help the \u201chigh season\u201d kick-off sooner than expected.<\/p>\n

Aframax earnings best among tankers<\/strong><\/p>\n

\"Crude<\/a><\/p>\n

The Aframax earnings has had the best development among tankers so far in the second half of 2018 and is expected to continue into the historically strong 4th<\/sup> Quarter. However, we expect the larger tankers to catch up at the end of this quarter as they will benefit from the Iran sanctions.<\/p>\n

American demand<\/strong><\/p>\n

The US Inventory report at the end of August came out on a positive note and pushed the oil price further up. This supports a further OPEC supply increase in the months to come.<\/p>\n

Highlights from the report:<\/p>\n