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Tag Archives: Aframax tanker from Southeast Asia

Surge in VLCC Charter Rates Expected

Freight rates for very large crude carriers (VLCCs), which hit a two-week high on Thursday, face an uncertain direction next week, brokers said. Port delays could help create a shortage of tonnage that could push rates higher, but charterers may cool fixture activity to put a ceiling on rates. “It’s difficult to call which way the market is going to ...

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