Signal Maritime claims to have boosted the earnings of its aframaxes after a decision earlier in the year to reposition most of them west of Suez, particularly in the US.

Signal, which manages about 20 such tankers, attributed this to "a bold strategy based on detailed analysis of seasonality, Covid-related effects and vessel supply-demand".

The move dented earnings in the short term between August and October, when the repositioning took place.