VLCC spot rates have dropped further as a second-quarter rally fades, brokers and analysts say.
Earnings for eco tankers now stand at an average of $34,300 per day, down 7%
VLCC spot rates have dropped further as a second-quarter rally fades, brokers and analysts say.
Earnings for eco tankers now stand at an average of $34,300 per day, down 7% from Tuesday and 25% week on week, according to Clarksons Securities.
The fall is being driven by routes out of the Middle East Gulf, where there is a substantial tonnage list weighing on the market, the investment bank reported.
Content Original Link:
" target="_blank">
