Spot rates have hovered around $80,000 daily in January, with FFAs trading at $77,000 daily for the first quarter of 2015, analyst Erik Nikolai Stavseth said in a report today.
The analyst says the signs are that the market will enjoy the strongest January since 2008.
“We expect crude tanker freight rates to remain firm going forward, support by continued large volumes shipped out of the Middle Eastern gulf paired with the increased interest for floating storage,” Stavseth added.
