VLCC Market Faces Pressure as Rates Soften Amid Limited Activity and Shifting Trade Flows – The Very Large Crude Carrier (VLCC) market in the Arabian Gulf (AG) experienced a subdued second week of February, resulting in a softening of rates.

Optimism Drives Futures Higher As Spot Remains Dormant – The recent uptick in optimism regarding a sharp recovery in spot rates has led to a rise in the futures curve over the past week.