The Baltic Briefing has issued the tanker report for the 27th week of this year. The report dated 03rd July 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCCMiddle East Gulf rates
In the Middle East Gulf, rates eased a single point from last week’s levels with 270,000mt to China now around WS35, a round trip time-charter equivalent of about $20k pd.
280,000mt to USG
For 280,000mt to USG via the Cape/Cape routing the market is...