VLCC freight has eased from recent highs, according to analysis published by Breakwave Advisors on 30 October. Geopolitical disruption remains an influence on the effective supply of vessels.
Availability matters
A ship that takes longer to complete a voyage cycle cannot immediately accept its next cargo. Route changes and waiting times can therefore affect freight even without a change in the number of ships.
This is a dated market assessment, not a live freight quote or a guarantee of where rates will move next.