VLCC tonne miles from AG to China have been fluctuating at a lower level since the last peak in late June

In the first days of August, sentiment in the crude tanker market continues to be under pressure, and there are no signs of recovery yet, while on AG the growth of tonne-miles towards the Far East (see image above) is continuously revised downwards. After the last peak in rates from AG to China at...

https://www.hellenicshippingnews.com/vlcc-tonne-miles-from-ag-to-china-have-been-fluctuating-at-a-lower-level-since-the-last-peak-in-late-june​/