The Start of a Bull Market in Tanker Rates

Should you ignore the new bull market in oil tanker rates? The market has just done that, yawning at the relentless climb in spot charter rates to hire VLCCs, Suezmax and Africamax vessels. Who can blame them? Every time, a company makes a dime shipping oil, it buys another tanker, flooding the oil shipping business with oversupply and killing shipping rates off.
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Source: Seeking Alpha