VLCCs’ role as tanker bellwether questioned

VLCCs’ traditional role as the bellwether of the tanker market has been questioned by one of the sector’s most famous brokerages.

A new report from New York-based Poten & Partners argues that while VLCCs have previously tended to be a leading indicator of where the tanker markets were heading, this changed during the pandemic, a transformation that has become more pronounced following Russia’s invasion of Ukraine four months ago.

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