Tanker market gathered strength during September.

The tanker market recovered part of the lost ground, as the month of September shows clear signs of improvement. In its latest monthly report, OPEC said that Very Large Crude Carrier (VLCC) rates continued to gather strength in September, with gains seen on all major routes. Spot VLCC rates on the Middle East-to-East route rose 26 percent, while on the West Africa-to-East route, they gained 23 percent. Suezmax and Aframax rates came down from the elevated levels seen since March. Suezmax rates on the US Gulf Coast (USGC)-to-Europe...