Downward revision of the number of MR ships, but still longer waiting times in the south

In the second week of October, the VLCC MEG-China route is trending upward. However, the sustainability of this positive trend remains uncertain due to mounting concerns stemming from geopolitical tensions that are casting a shadow over the energy sector. Notably, Israel’s conflict with Hamas has ignited apprehensions of a potential surge in oil prices, with … Continue reading Downward revision of the number of MR ships, but still longer waiting times in the south