I guess one positive development to come out of the presidents of US and China meeting is the US port fees, and the retaliatory fees from China, have been put on hold. From a fees perspective, things go back to early Oct 2025. But from a logistics perspective, folks already jumped through hoops.
Dirty tanker rates, specifically VLCC rates, saw a huge climb in spot rates on the TD3C route and also on the West Africa-to-China route (each route in the six figures). Nice rates for the other dirty vessel categories. Gibson makes no mention of another factor - added pressure on Russian oil.