VLCC Rates climbed slightly. However, with the bunker prices rising about $25/mt, the net result is lower earnings for owners and a deepening of the chasm between income and expenditure. In the Middle East, rates firmed a couple of points to WS28 for 280,000mt to China, while voyages of 270,000mt to USG via the Cape/Cape …
The post Tankers: VLCC Market Moves to Higher Ground first appeared on Hellenic Shipping News Worldwide.