The Baltic Briefing has issued the tanker report for the 27th week of this year. The report dated 5th July 2019 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCC- Rates in the Middle East arena softened by WS 1.5-2 points over the week, despite geopolitical tensions remaining.
- 270,000mt Middle East Gulf to China is now at WS 48 level.
- 280,000mt Middle East Gulf to US Gulf basis Cape to Cape is at WS 20.
- Meanwhile, 260,000mt West...