Back to the Futures – January 10, 2008

The tanker sector remains quiet as Charterers try to soften current strong freight levels by minimizing their inquiry stream. While “last done” provides some guidance as to where rates stand, this market is only as good as its next fixture. The position list for the AG looks fairly balanced at moment, but this only equates into a fair fight if the market remains orderly. If the music stops at the wrong time, you may see Charterers battling for the same chair – with the chaos working in Owner’s favor.

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