WAF-East VLCC market falls to 13-month low on weak demand, ample tonnage

Freight rates for Very Large Crude Carrier voyages loading in West Africa ended the week to Dec. 6 at their lowest level since October 2023, with sources citing lackluster inquiry levels and a bloated tonnage pool across all major VLCC loading zones. Platts, part of S&P Global Commodity Insights, assessed freight on the 260,000 mt …

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