Tanker owners could soon see VLCC rates hitting $300,000 per day again thanks to low relative freight costs and the US shale revolution.
This is according to analyst Petter Haugen at Kepler Cheuvreux (KECH), who has put out two bullish notes on the sector illustrating why the October spike will be repeated "sooner rather than later".
Tankers were fixed above $300,000 per day in the panic over US sanctions and Middle East tankers attacks, but these deals were only ever on subjects and $200,000 per day was...
