The Baltic Briefing has issued the tanker report for the 49thweek of this year. The report dated 04thDecember 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCCVLCC rates rose again this week, albeit modestly, which translates into an uplift in time-charter equivalent (TCE) earnings of between 45-50% in the Middle East and West Africa.
Rates firmed 2.5 points to WS31 (about $11,500 per day) for 270,000mt ME Gulf to China, while...
https://mfame.guru/vlcc-earnings-continue-to-rise-amid-tumbling-suezmax-rates/