Tankers at Sea Insight: VLCC segment breaks out of rut as higher employment in summer buoys earnings

More VLCCs managed to secure employment in August, as higher demand for crude spurred by stronger refinery processing and robust refined products cracks in the Atlantic Basin boosted utilization rates significantly. Demand for shipping crude oil increased, due to more cargoes traded and longer distances covered. Data by S&P Global Commodities at Sea show VLCC …

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