An extended low freight environment seen in the global VLCC, or Very Large Crude Carrier, market amid the coronavirus pandemic has left historical freight differentials for Americas-loading VLCCs in disarray. Negotiations over the course of the week ending April 23 confirmed market participant expectations of shorter-haul East voyage rates narrowing in to freight for longer-distanced …
The post Low freight environment shifts Americas-loading VLCC rate differentials first appeared on Hellenic Shipping News Worldwide.