Tanker Market Rebounded in February

The tanker market has shown a strong rebound during the past month, according to OPEC’s latest monthly report. VLCC spot freight rates showed a strong performance in February, as fleet consolidation and rising tanker demand on long-haul routes tightened availability. On the Middle East-to-East route, spot freight rates rose 65%, m-o-m. Suezmax spot freight rate …