The shortage of deliveries of the biggest crude tankers and improving Chinese demand are key factors for VLCCs to join a rates super cycle in 2024, Tankers International says.
With positive signals on Opec+ production on the horizon, limited fleet growth and rising oil demand this year, a sharp uplift in rates is a matter of “when, not if”, according to Mette Frederiksen, head of research & insight at the London-based pool operator.
