With oil demand still not rising quickly enough in order to absorb the extra tonnage, it seems that the VLCC tanker market is set for yet another dismal year. In its latest report, Poten&Partners noted that VLCC sector earnings continue to languish as recent rate movements broke through previously estimated seasonal support levels. TD1 spot rates have fallen into the teens, while other Baltic VL...
WORLD SHIPPING
07 March 2013 - 00:00
Biggest threat of VLCC segment is its orderbook
With oil demand still not rising quickly enough in order to absorb the extra tonnage, it seems that the VLCC tanker market is set for yet another dismal year. In its latest report, Poten&Partners noted that VLCC sector earnings continue to languish as recent rate movements broke through previously estimated seasonal support levels. TD1 spot rates have fallen into the teens, while other Baltic VL...
WORLD SHIPPING
07 March 2013 - 00:00
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