Tankers: VLCC Market Still Weak

VLCC The market remains weak in both the Atlantic and Middle East. Rates for 280,000mt Middle East Gulf/USG (via Cape of Good Hope) slipped a point to the WS16.25 level, after Exxon were reported to have taken a Cosco vessel to the UK Continent via Suez at WS16. For the 270,000mt Middle East Gulf/China route, …

The post Tankers: VLCC Market Still Weak first appeared on Hellenic Shipping News Worldwide.

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