A huge rise in VLCC cargoes helped the sector enjoy a strong recovery in 2022, according to leading pool operator Tankers International.
Drawing on its fixture database, the company said big tankers lifted 41 more spot cargoes per month on average last year than they did in 2021.
This is a staggering 19% increase, massively outstripping the 10-year average of 4% growth per year before the pandemic hit.