VLCC
A week for the owning community to savour. With a tightening position list and charterers looking to cover the start of their October program, MEG rates have ticked up. A solid WS 41 paid to Taiwan early this week shows modern tonnage can push when needed. Next done, pick a number in the WS 40’s. Older/disadvantaged tonnage may offer an escape valve, but they are increasingly in short supply, as we have seen ex dd’s quickly picked off by those who...