The Baltic Briefing has issued the tanker report for the 16th week of this year. The report dated 17th April 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCCActivity in the Middle East has slowed while owners await the May program. Rates have continued to come under downward pressure and WS167.5 was agreed for 270,000mt to the East, but we understand this has now failed.
Currently the market is assessed at around WS150, with...