Poten & Partners warns against VLCC hype

It is far too early, and perhaps even wrong, to say that the steep increase of the VLCC in recent weeks is a sign that the market has rebounded, says Poten & Partners in its weekly report.

BY TOMAS KRISTIANSEN

2013 looks set for a better finish on the VLCC market than most supertanker owners would have dared to hope for just a few months ago. Chances are no one really dared to hope for daily rates above USD 50,000 during the fall.

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