Barry Rogliano Salles (BRS) believes owner behaviour suggests the VLCC rally might not be here to stay.

After two months of a jagged upturn, rates for the largest crude oil tankers cooled last week and BRS said some of the 16 newbuilding VLCCs set to launch later this year are looking to carry clean cargoes — a phenomenon the French broker suggested was indicative of a market not yet fully recovered.