VLCC

摘要

1. We expect freight rates in the VLCC market to remain firm in theremaining months of 2019, driven by higher refinery runs ahead ofIMO 2020, along with a surge in long-haul trade. A sluggish growth inthe VLCC fleet and the contraction in vessel supply due to scrubberretrofittingwill also support an increase in rates.2. A sharp rise in rates in August due to a sudden burst of charteringactivity in the Middle East and weather delays in East Asia indicatesimproving fundamentals in the market.