VLCCs will continue to fall from their recent highs, but much of the rest of the market will see strong rates in the near term, BRS Group says.

The French shipbroker said aframaxes, LR2s and MRs should continue earning higher rates in the coming weeks and months, but that the largest tankers would continue losing steam.

“To a certain extent, analysis suggests that recent high global VLCC rates reflect an imbalance in the VLCC supply chain with tonnage not being evenly distributed across the globe,” BRS Group said.