VLCC owners have renewed hope of rate rises as activity picks up and slower speeds reduce the number of available vessels.
Norwegian investment bank Fearnley Securities said that while other tanker markets, including chemical and product carriers, continue to show improvements, the VLCC segment remains subdued.
“However, there is reason for some optimism as there are plenty of cargoes looking for transport,” analysts Peder Nicolai Jarlsby, Erik Gabriel Hovi and Ulrik Mannhart said.
