While tanker markets have been on a slippery slope in recent weeks, VLCC earnings have remain resilient in the crude tanker trade while LR2s outperform other product segments.
According to the Baltic Exchange, spot VLCC earnings on the benchmark Middle East Gulf (MEG)-China trade were $51,224 per day on Monday, down about $3,200 over the past month.
In the same timespan, average suezmax earnings have decreased by 74.8%
