Last week’s tanker market report published by the Baltic Exchange on August 28, 2020, shows how the market is faring across various sectors like Suezmax, VLCC, Aframax, etc.
VLCC
- The Middle East market softened slightly with rates for 270,000mt AG/China losing 2.5 points to settle around WS30.5 and owners are facing continued downward pressure, while the trip for 280,000mt to US Gulf via the cape/cape routing eased about half a point to dip just below WS20.
- In the Atlantic, the 260,000mt West...