Crude Freight: Past the Peak, But the Floor Should Hold
VLCC rates from the US Gulf and West Africa have fallen from historical peaks by 27% and 32% respectively over the past two weeks, with smaller tankers following. Is this a short-term correction, or the start of a deeper decline? And if rates fall further, would they reach pre-war levels? To answer that, we need ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.