VLCC rates weakening a little now, FYI.
(see the red arrows in the leftmost column)
$DHT $EURN $FRO $OET
color, from Fearnley's:
“Great expectations” – not materializing. Logic dictated that a well-stocked cargo list and correspondingly balanced position lists would result in a rate hike this week. However, charters kept their powder dry, patiently waiting,
(1/3)
and when an oil company relet fixed a Brazil/East export cargo at WS 85 the upward sentiment reversed which was then followed by MEG/East rates sliding into low WS 90’s. That said, the downside appears capped short term