VLCC In the Middle East the market for 280,000mt to US Gulf (routing via the Cape/Cape) continues to be assessed at WS19-19.5 level and rates for 270,000mt to China have also remained flat at the WS36-36.5 region (showing a round-trip TCE of $3250/day). In the Atlantic, rates for 260,000mt West Africa to China are assessed …
The post Tankers: Stability is the Norm in the VLCC Market first appeared on Hellenic Shipping News Worldwide.