The week gone by in the VLCC market will soon be forgotten. Over-supply of tonnage and sluggish demand continues to weigh on sentiment. Earnings have slipped from bad to worse with sliding rates and increased bunker prices, as owners now virtually pay for the privilege of carrying crude from A to B.
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Source: Fearnleys A.Sx
The post Fearnleys Weekly Report – Week 23, 2021...