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Ins and Outs of Tanker Spot Rate Analysis Revealed

Marine Transport Advisors, McQuilling Services, explain important elements of their forecasting process when they develop the final forecast set out in their recent '2014-2018 Tanker Market Outlook' analysis. Interestingly, of four primary observations regarding vessels that transport crude and dirty products it was observed that the historically strong relationship between monthly OPEC production and VLCC monthly average spot rates between 2005 and 2010 had disappeared.