Spot liquidity in the once crucial crude oil shipping corridor for VLCCs from the Middle East to the US Gulf Coast has fallen by almost 70% over the past five years as the US flips from being a major crude importer to exporter. Prior to 2017, the route averaged slightly over 20 fixtures/month, but this …
The post VLCC spot liquidity on PG-USGC route wanes as trade flows shift first appeared on Hellenic Shipping News Worldwide.