Fri, 12 Aug 2022 21:00:59 +0000

The tanker market recovered strongly during July, OPEC said in its latest monthly report. Dirty tanker spot freight rates in July fully recovered from the decline seen earlier in May, as trade dislocations boosted tanker tonnage demand. VLCC rates on the Middle East-to-East route rose 26%, while flows West were up 30%. The wide Brent/WTI …

 

Full article: https://www.hellenicshippingnews.com/tanker-market-entered-in-a-growth-cycle-in-july/