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Tankers: It was a relatively stable and slow week in the large tank segments last week. What is interesting to see now is how extremely tight the tonnage charts are going forward in the spot market as a result of a number of ships that have been leased on longer contracts lately. We therefore expect...
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Since 2009, the tanker market has for a significant time been broken, earnings have been weak and the upswings that have been talked about have not had a solid foundation. But from the end of Q4 2018, there was a healthy volatility return to the market and the shipping companies were left with super profits....
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Tankers The tanker market saw a bit of a cooling last week, with VLCC rates falling 69% and Suezmax 34% respectively. We also saw that several of the $ 300k + deals signed a few weeks ago never went through, the agreements fell apart before the final signature went from pen to paper. The highest...
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Tankers The tanker market continues to strengthen significantly. Last week, spot rates in Aframax rose another 15%, VLCC increased 260% and Suezmax was up 133%. We expect the Aframax segment to strengthen significantly in the future as we will see that charterers will have Aframax ships on the routes normally operated by VLCC and Suezmax....
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