Mar. 1 at 2:17 AM
$FRO $DHT $ECO $TNK parabolic phase begins:
The VLCC market is now entering a "Parabolic Phase."
Current Rate Status: Spot fixtures for VLCCs (MEG-Asia) closed on Friday at approximately
$218,150/day.
The "Monday Open" Projection:
With the confirmation of Operation Epic Fury and the radio "bans" from the Bahram-1, brokers expect the Monday morning open to test
$275,000 –
$290,000/day.
Historical Context: The all-time high of
$300,390/day (set during the 2020 storage super-contango) is now the immediate technical resistance.
If the Strait remains "operationally closed" for more than 48 hours, we will see the first
$350K+ daily fixture in history.
Get ready.
