Tankers continue to slip with crude carrier rates hitting multi-month low

Tankers ended 2021 on a downtrend and 2022 is so far no different.

Both crude and product tankers slipped again on Friday, with the Baltic Clean Tanker Index falling 48 points since Tuesday to reach 627. The Baltic Dirty Tanker Index slipped 17 points over the same period to 732, its lowest mark since mid-October.

In its weekly market round-up, the Baltic Exchange said on Friday that VLCCs started the year slow, while suezmaxes were static and aframaxes were a mixed bag.