VLCC Market: Charterers Control Amid Ship Glut
VLCC: It was a quiet week for the VLCC market around the globe. A glut of ships in the AG
allowed charterers to dictate the rates as they covered their stems as TD3 AG>China ended
the week at ws46.35 (270K MT) down from ws47.5 at the start of the week. Similarly, in
West Africa, a lack of activity caused WAF>USG (260k MT) and WAF>FEAST (260k MT) to
remain constant with routes heading to the USG remaining at ws52.5 through the week and routes going...
https://mfame.guru/vlcc-market-steady-amidst-hurricane-disruptions-weekly-shipping-update/