In the weeks leading up to the Christmas break daily levels in some regions exceeded $90,000 per day on average, a trend many attributed, in part, to seasonal variables.
Today, tonnage fixed to transport crude from the Arabian Gulf to Far East is commanding $61,300 per day, which represents a daily decline of roughly 1.3%.
In a client briefing Omar Nokta of Clarkson Capital Markets pointed out that this is 1.0%
