- WAF-East VLCC rates flatten as regional tonnage pools rebalanced.
- April 260,000 mt WAF-East fixtures repeat rate of w65.
- Most recent volatility caused by supply not demand factors: sources.
The West African market for Very Large Crude Carriers has seen freight rates flatline over the past two weeks following a period of heightened volatility in February and March, with sources pointing to a readjustment of the tonnage dynamics in the Atlantic and Persian Gulf loading regions, reports Platts.
Pla...
https://mfame.guru/waf-vlcc-market-stabilizes-after-a-volatile-first-quarter/