Tanker Market in Choppier Seas as Supply Rises, Storage Wells – Hellenic Shipping News Worldwide
Tanker Market in Choppier Seas as Supply Rises, Storage Wells – Hellenic Shipping News Worldwide
A drop in the volume of crude oil stored on ships, combined with unexpected cuts from the main Saudi producer, has created a glut of ships available for charter, putting pressure on supertankers’ prospects this year. Revenues for very large crude oil carriers (VLCCs) in 2020 hit record highs of more than $ 240,000 a […]
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