The past week has been steady, with no major developments in earnings to report. The tanker market continues to perform strongly, with average crude tanker earnings now exceeding $55,000 per day, supported by firmer VLCC market conditions. According to Fearnleys, spot rates for modern scrubber-fitted Suezmaxes are averaging around $65,000 per day, underscoring the current strength of the segment.

The vehicle market wavers in the wake of tariffs
Turning to the VLGC and PCTC markets, global car sales declined slightly in March, likely influenced by ongoing trade tensions between China and the US. Meanwhile, the VLGC market has stabilized following a period of tariff related volatility, although fixing activity remains limited.