Tonnage Oversupply Still Blocking VLCCs’ Rebound, While Product Tankers Still Not Seeing the Expected Positive Effect From LSFO Capacity Expansions

Despite the fact that ship owners appeared to be pushing for higher VLCC rates over the course of the past week, a rebound in freight rates wasn’t able to be materialized, as a result of abundant tonnage availability. In its latest weekly report, shipbroker Charles R. Weber said that “VLCC rates...

https://www.hellenicshippingnews.com/tonnage-oversupply-still-blocking-vlccs-rebound-while-product-tankers-still-not-seeing-the-expected-positive-effect-from-lsfo-capacity-expansions/