By no means rates are strong, but emerging rate volatility in recent weeks has been encouraging.

Head of Market Research, Christian Waldegrave, is back with another tanker market update. In this new video, he explains how the third quarter of the year is usually the weakest part of the year especially for tanker spot rates. However, we have been encouraged by the rates we have seen in the third quarter compared to the rates we saw in the first half of the year.

Watch Christian Waldegrave‘s monthly tanker market update for more.