VLCC Earnings Spike of 2019: More to Come

Analysing the fundamentals and short-term drivers that created a recent VLCC earnings spike shows the market shaping up to encourage similar spikes in the future.

October 2019 will go down in the collective memory of the tanker market as one of those rare events – an unpredictable spike in earnings that briefly saw time charter equivalent spot rates leap from US$…

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