The VLCC market sentiment has seen a rebound in the second half of July, particularly for the Middle East Gulf to China route and in the Atlantic market. However, this excitement may be short-lived as overall volumes remain subdued, influenced by various factors including seasonal slowdowns and geopolitical uncertainties.
Temporary Market ImprovementThe final week of July brought a positive shift in VLCC activity, with a 6% monthly increase in rates for the Middle East Gulf to China route. This...
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