Weekly Report: Atlantic Market Fluctuations And China’s Crude Demand

The latest edition of the Breakwave Bi-Weekly Tanker Report, published on March 12, 2024, provides valuable insights into the dynamics of the crude tanker market, highlighting fluctuations in the Atlantic market and China’s rising demand for crude oil.
One significant observation from the report is the short-lived spike in VLCC (Very Large Crude Carrier) rates in late February, primarily driven by the Atlantic market’s support to the broader crude tanker segment.
However, this surge was not...