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June 3, 2020
Tankers: There has been good activity in the VLCC market this week, where the rates have increased significantly as a result of high demand from China where large parts of the tonnage have been tied up. In the Aframax segment, earnings fall slightly, with sluggish activity over most routes. We expect further volatility in the...
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Tankers: As expected, rates have fallen further as the market has become aware of the production cuts from OPEC, which has resulted in particularly little activity from the Hormuz Strait. In the short term, we will still expect volatility as OPEC and the other oil producing nations are in the process of rebalancing the oil...
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