Spot crude tanker earnings have remained in the doldrums as industry data suggests weak loading activity across various segments.
With a cloudy oil demand outlook amid renewed Covid-19 outbreaks in many parts of Asia, charterers have been slow in fixing vessels over the past few weeks.
“The lack of growth in exports has kept the tanker markets … under pressure, which has been reflected in still weak earnings,” cargo intelligence provider Kpler said in a note.
