McQuilling Services' Short-Term Outlook

Oct. 20, 2017

For the upcoming winter season, we expect VLCC rates to follow the traditional seasonal uptick we typically observe during this time of the year; however, the magnitude in which rates rise is likely to be lower than previous years.  For the Suezmax sector, we expect demand support out of the Black Sea amid higher crude supply as well as on some short-haul voyages into Europe such as TD20.