In the crude tanker market, we have witnessed a return of spectacular volatility, with spot earnings on several key Suezmax and Aframax trades in the Atlantic Basin briefly spiking close or in some cases even above $100,000/day on a non-scrubber, non eco basis recently. VLCCs, the tanker segment most vulnerable to the Middle East OPEC+ production cuts, have also seen a sizable uplift in earnings, albeit perhaps not as impressive as the one experienced by smaller segments.
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