Atlantic Tanker Earnings Fall Faster Than Gulf Earnings
The TD3C/TD22 earnings ratio rose from 2.73 on 30 October to 3.10 on 6 November, as US Gulf–China VLCC earnings fell 16.2% to around $415,000/day, against a 4.8% decline on Middle East Gulf–China to $1.29 million/day. All 16 dirty tanker benchmarks fell over the week, with the steepest declines in the Atlantic and Mediterranean. Several ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
