A decision by Opec, Russia and even the Canadian province of Alberta to cut oil production has seized global headlines. But the maritime world has been gripped by a different story as the Baltic Clean Tanker Index hit a seven-year high.
Is this freight rate boom just for Christmas, or is this the start of something more sustained?
A range of factors from around the world propelled MR and LR product tankers to a happy end for 2018.