Galbraith’s starts the week sounding an optimistic note for the tanker market.
So far about 120 Middle East VLCC cargoes have been fixed for September liftings.
This could be close to the end of the September programme, the broker says.
It does identify more cargoes towards the end of the month though.
But at the end of last week, the broker felt that there was a slight firming and an upward trend for the coming period.
It points out that the shipowning community is tired of giving away ships at zero to negative returns.
Another
