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Tankers: Spot rates in the Aframax segment rose 12% w-o-w. The rates in the other segments are relatively stable. 12 month T/C contracts stay on site. But, in the tanker market, there is a daily growing optimism. The observant investor has probably registered that some tanker shares on the stock exchange have risen by 20-30%...
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Tankers: There has been little activity to report on in tanks in week 5 across all major tank segments. The rates are slightly dropping. It is worth noting that more stakeholders in the tanker market are beginning to position themselves for the rebound which is expected beyond 2021, with good activity in the secondary market,...
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Tankers: The market continues to increase for both the Suez and Aframax ships last week. The VLCCs began to relieve pressure on the Suezmaxes on some of the trades, but that was not enough to see a solid recovery in the latter segment. Aframax experienced an active market in the Black Sea, backed by bad...
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Tankers: There was some positive news last week. Suezmax rates rose sharply on increased activity. But it is expected that VLCC vessels can quickly “steal” much of the increased activity and still put pressure on rates. The Aframax segment remains fairly stable. We are also seeing an increased flow of Canadian oil to the east...
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