VLCC In the Middle East the market to US Gulf (TD1 280k routing via the Cape/Cape) remains steadily assessed around the WS18-18.5 mark, while rates to China have marginally eased almost a point to the WS31.5-32 level (still showing a negative TCE round-trip $4.6k/day). In the Atlantic, rates for west Africa to China (TD15) were …
The post Tankers: VLCC Market Looks for Direction from OPEC Decision first appeared on Hellenic Shipping News Worldwide.