Rates decrease as January ends

After a strong start to 2025, driven by sanctions and geopolitical events, the tanker market saw a quieter week with a general softening across key segments. Particularly in the West, Suezmax rates experienced downward pressure due to reduced activity and a surplus of available tonnage.

Downturn caused by sudden drop in demand

Similarly, Aframax rates remained steady in the UK-Continent, but softened in the Mediterranean after an initial burst of short-haul demand faded toward the end of the week. Owners are watching market trends, aiming to stabilize rates as activity picks up in February.

Source: Clarksons Research