Tankers At A Crossroads

15 Jun 2018; 

The freight markets for 2018 have so far been disappointing for crude oil tankers.  For the VLCC market, the supply-demand balance and the resulting freight rates are predominantly driven by OPEC production and exports.  Suezmaxes and Aframaxes typically have more diverse trading patterns.  This week we will take a look at what may be behind the disappointing returns for these medium sized crude oil tankers.

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