According to recent weekly Gibson tanker report, although freight levels in some shipping sectors reached breath-taking highs this year, 2021 is a year to forget for tankers, particularly in the crude segment. The majority of crude tonnage (noneco, non scrubber) was forced to operate at sub-zero levels for large parts of the year. The VLCC market has been particularly hard hit, with TCE returns on the benchmark TD3C trade averaging less than $500/day (non-eco, non scrubber), their lowest level seen over the past two decades.
For the weekly tanker market report please click here
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: Gibson
