Is VLCC Market Gaining Momentum At The Right Time?

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  • With VLCC rates surging past US$40,000 per day after languishing in unprofitable territory for some 20 months, Gibson’s weekly tanker market report asks if the rates are sustainable.
  • The segment has found support from a combination of lower bunker prices and higher freight rates in contrast to recent months when high fuel costs squeezed returns.

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Source: Riviera

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