Weekly Tanker Report – Week 22, 2020

The Baltic Briefing has issued the tanker report for the 22ndweek of this year. The report dated 29thMay 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

Owners regain some of the recent lost ground with tightened supply of vessels by improved volumes.

  • The Middle East Gulf sector saw rates flat in the first half of the week, then rises midweek with rates for 270,000mt to China jumping from WS50 to WS60 – and then mid WS60s. 
  • Th...

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