Spot charter rates for VLCCs averaged USD43,876/day between 2 November and 9 November, while Suezmax rates averaged USD36,569/day and Aframax rates averaged USD27,697/day, according to Clarksons data on 9 November.
A high number of ships have been sold in recent months, weakening fundamentals impact on market.
More MR tankers being contracted amid refinery expansion.
Some shipbuilders continue to be in the red as orders slow down.
Paolo d’Amico will take up his new role at DIS on 1 January 2019, the day after current chief executive Marco Fiori is due to stand down for personal reasons.
Iran's LPG exports peaked at about 580,000 tonnes in August, the highest monthly volume since 2016, when the previous round of international sanctions were eased.
The Danish shipping company sees opportunities in the tanker market amid a revival in crude tanker rates