Seatrade Maritime News: Tankers and floating storage – more than meets the eye
May 12, 2020
As crude oil prices regained their footing in late April in the week prior to a Poten & Partners webinar tanker hires plunged.
The call, where analyst Erik Broekhuizen in New York, and on the market spot broker Patrick Brennan, in Houston, took questions from listeners, came at a time that headline hires for large crude oil tankers have plummeted from their multiple April peaks where VLCC’s and suezmaxes had reached $250,000 per day and $100,000 per day, respectively, down to around $60,000 per day and $40,000 per day.
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