Crude tankers with strong momentum

Impressive rates as we move into winter VLCC earnings have surged to their highest level in two and a half years, averaging USD 94,267 per day last week, a 14% week-on-week increase according to Clarksons. On the benchmark AG-China route, rates touched USD 100,000 per day, supported by limited fleet growth, increased OPEC+ output, and […]

Solid market development in tankers, with some decline in VLGC rates (LPG)

Strong market fundamentals overall this week Tankers: Crude oil tankers with strong momentum, driven by VLCCsVLCC earnings increased by 14% last week, supported by limited availability in the Atlantic and a recovery in US Gulf–China volumes. Although gains in the Suezmax and Aframax segments were more moderate, both recorded increases, and analysts estimate that these […]