The best science fiction script writers from Hollywood could not have come up with the twists and turns that we have experienced during 2020. In a year that was supposed to be dominated by IMO2020, the transition to VLSFO went relatively smoothly (nothing much else did). Price spreads widened and those who had installed scrubbers looked pleased with their investments. Little did they know that the spread was about to collapse for reasons no one could have predicted.
Weekly tanker market report by Gibson Shipbrokers.
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