The previously damaged Colonial pipeline following an explosion in the US restarted this week dropping Transatlantic rates again to the normal lows.
On the TC sector, VLCC rates for 1 year is around $29,000/pdpr while Suezmax rates estimated to hover above $21,500/pdpr for the same period.
Brent is currently trading around $46 and WTI at $44.8 with further uncertainty expected following confirmation of a Trump presidency.
