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Euronav's bold move to expand fleet

The VLCC market can be heading for some good times - or for an extended period in the doldrums

It was noted that market sentiment was not as negative as it would have been just two months previously, when rates were hovering at around US$12,000 per day - PHOTO: BLOOMBERG

NEW Year cheer among tanker owners was muted at the TradeWinds Charterers Forum in Geneva in the middle of last month.A TradeWinds press statement said that discussion focused on where the tanker market was headed this year; delegates debated whether the recent rate rises were just a happy blip