Weekly Tanker Report – Week 44, 2020

Capt. John

The Baltic Briefing has issued the tanker report for the 44thweek of this year. The report dated 30th October 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

Another difficult week for owners saw rates fail to gain any traction. There was talk midweek of 280,000mt fixed west at WS17.5, but thereafter the market Middle East Gulf to US Gulf via the Cape/Cape routing softened and is now assessed at a shade above WS15.

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