Tankers: The rock solid tank market continues the positive trend. The rates are both three and four times the cash breakeven in all major tank segments and generated huge cash...Read More
Tankers: It has been a much quieter week than the record rates we saw the week before in the VLCC and Suezmax segment. The rates from the Arabian Gulf to...Read More
Tankers: We have had an adventurous week in the tanker market. After the Russia refused to participate in further cuts, the oil and tanker market has been turned on it’s...Read More
The current global situation has been dramatically changed after the outbreak of the COVID-19 virus. Described as a virus with significant high infection ratio, the pandemic has wounded both humans...Read More
Tankers: Tanker rates strengthened last week. We saw the biggest increase in the Aframax rates, which rose by just over 16% last week. We also observed a good drift in...Read More
Tankers: Earnings in the Aframax segment have fallen somewhat this week, largely due to reduced demand in the US Gulf. The VLCC segment, has been tighter even with a lack...Read More
Tankers: The rates in the tanker market remain relatively stable, with a slight fall of 10% in the Aframax segment. It’s worth noting that Aframax rates cut the highest of...Read More
Tankers: Tanker rates remained at a standstill for the two largest classes, VLCC and Suezmax. For Aframax, rates rose 30% to an average of $30,103 last week. This shows us,...Read More
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....Read More
