VLCC In the Middle East the market for 280,000mt to US Gulf (routing via the Cape/Cape) continues to be assessed around the WS18-18.5 mark while rates for 270,000mt to China have remained flat at WS31.5 (showing a round-trip TCE of minus $5.6k/day). In the Atlantic, rates for 260,000mt West Africa to China improved by almost …
The post Tankers: VLCC Market in the Doldrums first appeared on Hellenic Shipping News Worldwide.