- WAF-East VLCC rates holding near summer lows
- Market participants less confident of Q4 rally
Rates for Very Large Crude Carrier voyages loading in West Africa have so far failed to mount a sustained recovery from the lows experienced during the summer months of 2024, with sources pointing to an oversupply of tonnage, lower-than-expected cargo inquiry levels and weakness in the key Persian Gulf and US Gulf markets, reports Platts.
VLCC Market Stagnant Despite Q4Platts, part of S&P Global...
https://mfame.guru/vlcc-market-remains-sluggish-amidst-seasonal-demand/