- VLCC and suezmax rates both improved month-on-month from January through March, the third time this pattern has occurred since 1990.
- Euronav even saw a silver lining in OPEC+ production cuts which have hit tanker rates since the end of the reporting period.
- Longer term time charters are emerging in the market, offering opportunities to extend good times when the cycle turns downwards.
Counter-seasonal movements in the first quarter 2023 large tanker market have...
https://mfame.guru/strong-movements-in-the-tanker-market-boost-euronav/