Tanker Rates Collapse At Week End
Tanker rates collapsed towards the end of last week as owners
rushed to fix cargoes and move their Very-Large-Crude-Carriers
(VLCCs) away from the Mideast Gulf where idle capacity was rapidly
mounting. Brokers said they remained optimistic that rates would
soon recover. "Last week proved to be another disappointing
week for owners," said Oslo broker
...... Read more on MaritimeToday.com
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