Tanker rates have continued to cool, coming off the highs reached following Russia’s invasion of Ukraine three weeks ago.
The Baltic Dirty Tanker Index ended Friday at 1,127, a one-week slump of lost 170 points, while the Baltic Clean Tanker Index slipped 56 points to 994.
VLCCs did not perform as badly as the prior week — when they hit an all-time low of -$27,893 per day on 10 March — but remained well into the red, falling to $20,292 per day after an initial recovery.
