The Baltic Briefing has issued the tanker report for the 19thweek of this year. The report dated 14thMay 2021 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCCIn the Middle East, the market for 280,000mt Middle East to US Gulf (routing via the Cape/Cape) continues to be assessed at WS18.5 level while rates for 270,000mt to China have similarly been stuck at WS32.5 (showing a round-trip TCE of minus $1400/day). In the Atlantic,...