Return of Ocean Tankers VLCCs dampens tanker market, McQuilling says (Tradewinds)
The return on the Ocean Tankers VLCC fleet after the arrest in 2020 is set to depress rates as the freight support from stronger demand will largely be offset by a substantial supply imbalance and the bearish market sentiment is likely to continue into the third quarter- McQuilling
Oil prices regain some losses amid potential Iran talks hitch (Reuters)
Oil prices recouped some of last week’s losses on Monday as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply, with indirect talks between Washington and Tehran due to resume this week.
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FIS Tankers Daily Report 2021-05-24
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