Broking reports are currently full of rate estimates showing suezmaxes and aframaxes returning negative daily earnings in the spot market.
But one tanker broker told TradeWinds that these red figures are likely to actually be "slightly positive in most real cases".
He explained that calculations are done on the basis of a hypothetical ship, with bunker prices updated daily.
"But of course each ship is different, as are bunkers on board, demurrage bills etc," he added.
