We have been hoping for VLCCs to be fantastic for ~3.5 years now. All other size segments have been doing relatively well and a Q2 rate of USD 43.1k/d is good but not great, considering that the LTM average is at USD ~39k/d. Nobody expected the sanctioned market to destroy the compliant market, but we are now seeing the trend reversing with additional barrels going into the compliant market. Volumes are up 2 mbd y-o-y in August and we know that additional barrels are coming to the market later t ....
