Crude tanker rates have slipped at the start of 2019, but shipowners are still enjoying earnings well above where they were when the clock ticked over into 2018.

Both VLCCs and suezmaxes were trending downwards today, reflecting a softening of the markets over the Christmas period.

VLCC spot rates stood at $41,600 per day on Thursday, according to analysts at Clarksons Platou Securities.