What about tankers?
A lot of speculators were betting that oil prices were going to go up and had rented ships and filled them with oil they though was cheap, before COVID-19 even hit. Since then, oil prices have absolutely cratered.
Are speculators leasing the tankers on a month to month basis? What happens when/if the tanker isn't offloaded at the end of a contract?
It’s a pretty efficient market
See this article (Suspect rates have climbed even further as the storage trade becomes more lucrative.
https://www.forbes.com/sites/gauravsharma/2020/03/12/superta...