Fearnleys: VLCC activity ‘far disappointing’ last week

Fearnleys: VLCC activity ‘far disappointing’ last week
In its weekly report for 12-20 March, Fearnleys said that VLCC activity has been far disappointing, the market for Aframaxes trading in the North Sea and Baltic came off significantly, while for the Suezmax type, continued sparse activity in the West has allowed Charterers to pull rates even further down.

VLCC

With the March VLCC MEG program behind, the owning community was looking forward to a sprout of activity for early April with ambition to push rates up in to the ws60 eastbound. However,...

https://safety4sea.com/fearnleys-vlcc-activity-far-disappointing-last-week/