VLCC tonne-miles from AG and West Africa to China exhibiting noticeable rise since May​​​

The first week of July ended with rates in the crude oil freight market coming under pressure, while weaker sentiment in clean tanker freight rates continued. Interestingly, Chinese oil demand is driving up tonne-mile volumes for VLCC routes between the Arabian Gulf (AG) and West Africa despite signs of a downward correction. VLCC tonne-miles from …

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