Despite the weaker trade fundamentals that have been observed over the past 4 months, tanker freight rates across all segments remain at stubbornly healthy levels. This can be mostly attributed to the weather and geopolitical climate which has fostered two distinct characteristics on the global vessel supply-side: lack of tonnage fluidity and longer voyage mileage.
The most recent fleet behaviour of vessels linked with the Russian trade – detailed in this blog – indicates that vessels with...
https://mfame.guru/tanker-rates-stand-their-ground-against-ailing-trade-demand/