VLCC Market Overheats as Seasonality Tailwinds Kick in – The VLCC market extended its strong upward momentum into mid-November, with rising enquiry levels driving a decisive tightening across major loading regions.

Steady As She Goes with Strong Seasonality Supporting Current Levels – As the year draws to a close, we anticipate little cause for concern regarding an imminent correction in spot rates as strong seasonal cargo flow should support freight rates.