VLCCs: Middle East Market Picks Up

VLCC Another fairly active week in the Middle East. However, owners were powerless to stem the bleeding of rates. For 270,000mt to China rates fell 10 points to WS55. Voyages of 280,000mt to USG via cape/cape routing are assessed about three points lower at WS32.5-33 level. In West Africa, little activity was seen in the …

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