Nordic American Tankers Ltd (NAT)

[Eurotradr]

Suezmax

As we have mentioned for some weeks now, the Suezmax market has reached the top, and we have been waiting for the activity to slow down, and lists to grow. And boy, it did. At the beginning of the week we had one outstanding cargo worldwide for Suezmaxes. Owners shaking their head in disbelief, not understanding what’s happening. Well, it’s not like this has not happened before! We are back to what we can call a normal market. The last 6-7 months, market has picked itself up immediately after a dip, but not this time I’m afraid. It will of course come back, but this will take a bit more time. Tonnage list in the East is long, and will keep growing. West is looking a bit better but with very little activity, owners will start looking for the big red panic button. For now, unfortunately it looks soft going forward, only thing we could hope for is for some reason activity will start picking up again.

https://fearnpulse.com/