VLGC market trending upward this week

Houston-Chiba earnings rise by 8% as March forecast remains moderate The VLGC (Very Large Gas Carrier) market saw a surge in chartering activity later in the week as several ships found employment. However, there are still uncommitted VLGCs for March, with no clear cargoes available. Despite this, market sentiment improved, with spot earnings on the […]

OPEC+ increases its oil production 

Output set to rise in April, boosting tanker demand OPEC+ has been limiting oil production since 2022 to stabilize prices, cutting output by 2.2 million barrels per day (bpd). The group has confirmed a 138,000 bpd production increase in April, its first step toward gradually unwinding these cuts. This decision follows pressure from President Trump […]

Geopolitical shifts boost tanker demand

Market holds firm during week of global volatility The tanker market has remained steady this week, with earnings staying strong despite ongoing geopolitical uncertainty. Suezmax and scrubber-fitted VLCCs are currently trading at $40,000 per day, according to Fearnleys, reflecting sustained demand and limited fleet availability. Looking ahead, market fundamentals suggest rates could rise further. The […]