The Aframax segment has remained one of the most dynamic segments of the tanker market in recent months, shaped by shifting trade patterns, evolving regulatory landscapes, and regional imbalances in demand. In this environment, the ability to adapt swiftly and strategically has never been more crucial. At Signal, this principle is at the core of our operations. By leveraging data-driven insights and staying attuned to global market movements, we’ve been able to make bold fleet repositioning decisions—moves that, while initially challenging, are now delivering strong returns and reaffirming the value of long-term thinking in a fast-paced industry.
Repositioning with Purpose: Strategy Over Short-Term Gain
At a time when many operators were chasing immediate returns, Signal took a different path. The decision to reposition its Aframax fleet came with initial hurdles — from idle days to lower backhaul earnings — but it was a move grounded in market intelligence and a clear long-term strategy. Through continuous analysis of route profitability, cargo flows, and macro trade patterns, the company identified key regions where demand was likely to intensify. Rather than react to short-term volatility, Signal acted with conviction, trusting in its data, experience, relationships and the strength of its operational model.
Delivering Strong Performance: Results That Validate the Strategy
The recent months have validated Signal’s strategic decisions, as the Aframax Pool continues to deliver strong, measurable results. Net TCE figures have seen a significant increase, rising at $/day and $/day in April (98% fixed) and May (27% fixed) 2025 respectively, demonstrating a steady upward trajectory, highlighting the impact of the fleet’s careful repositioning. Signal’s year-to-date net TCE stands at $/day. Compared against peers, Signal’s performance has been consistently competitive, maintaining a clear advantage in cumulative earnings through 2025 with a notable year-to-date overperformance of approx. $3k/day. The Pool’s ability to outperform even in a volatile market further showcases the effectiveness of the early repositioning strategy and the value delivered to its partners consistently since its inception in 2018.
Staying Agile in a Shifting Market
While the recent performance results are encouraging, Signal remains fully aware that the maritime landscape continues to evolve. Flexibility, speed of execution, and continuous market monitoring are vital to sustaining competitive advantage. With the same strategic mindset that guided the latest repositioning success, Signal is committed to maintaining agility—ready to respond to shifts in global trade patterns, regional supply developments, and emerging regulatory requirements. Looking ahead, Signal will continue to leverage its operational intelligence, advanced analytics, and commitment to excellence to navigate whatever challenges and opportunities the market presents.
Source: Signal Group
