Why geopolitical chaos no longer causes tanker rates to skyrocket
- US port fee plan could change oil flows but may not materially impact global volumes
- US tariffs and sanctions are increasingly positive for rates in tanker charter markets
- VLCC rates no longer spike on geopolitical headlines, says Frontline’s Lars Barstad
The global tanker market has grown in scale and has more transparency due to widespread vessel-tracking data, so it is not as prone to sudden rate spikes on geopolitical headlines as it used to be, according to Lars Barstad of Frontline
