This week’s data highlights an increasing trend in VLCC available spot relet vessels to load in Ras Tanura in the next 30 days (left chart), coinciding with weakening AG-China freight market rates throughout June. This trend appears to be persisting into July, pushing WS TD3 rates to a new low for...
https://www.hellenicshippingnews.com/vlcc-supply-vs-baltic-rates/