The Baltic Briefing has issued the tanker report for the 48thweek of this year. The report dated 27thNovember 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCCRates climbed slightly. However, with the bunker prices rising about $25/mt, the net result is lower earnings for owners and a deepening of the chasm between income and expenditure.
Middle East rates
In the Middle East, rates firmed a couple of points to WS28 for...