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Tankers: VLCC had a good rise this week with a little over 100% in the spot rates. We still expect volatility, but these signals are a good sign. The closer we get to winter, the better the tanker market rates get. The Suezmax and Aframax segments, on the other hand, had a very quiet week...
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Tankers: It was a very quiet week across the segments. The Aframax rates seem to have bottomed out, and activity as early as next week appears to be significantly better. The normal market that we saw ahead of Covid-19 is expected to resume during Q1 2021. It is important to emphasize that the tanker market...
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Tankers: It has been a very quiet week for the tanker market once again. The good news is that as we cross into September, the historically weak Q3 will soon be over. We expect rates to increase during September in order to have a significant increase in Q4. OPEC expects that 97% of oil demand...
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Tankers: The rates are “soft” across the supertanker segments. Refineries across the globe are now in the process of their maintenance period, which is expected to be completed within the next few weeks. When the maintenance period is over, we will see higher inputs, directly translated into greater activity in the tanker market. The tornado...
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