VLCC
Middle East Gulf rates shed 11 points to WS 85/86 for 270,000mt to China, with South Korea fixed at WS 84. Going west, 280,000mt to the US Gulf went at WS 38, but is now assessed at WS 36.5/37 Cape/Cape, down six points from a week ago. West Africa to China basis 260,000mt lost eight points to WS 84.5. Hound Point to South Korea went at $7.4 million, while East Coast Mexico to West Coast India fixed at $7.1 million.
SuezmaxWest Africa came under renewed downward pressure with rates dropping...