While forward curves for dirty tanker routes remained unchanged,rnforward curve for the TC2 route shifted upwards in April withrngrowing optimism in the market. Rates for almost all contractrnmonths of TC2 increased by average 6% during the month.rnAlthough spot rates on this route did not recover, stable ratesrndespite seasonal weakness in demand brought some optimismrnin the market. Moreover, the recent surge in bunker prices alsornsupported the uptick in forward rates. Rates will strengthen in therncoming months with the robust gasoline demand in the US duringrndriving season. Conversely, rates on the TD3 and TD20 routesrnwill continue to weaken in the next two months in the absence ofrnany surge in demand. VLCC owners will have to wait for winterrndemand for any significant recovery in rates.
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