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Brokers divided over direction of VLCC rates.
(From Lloyds List)
Byline: Marcus Hand in Singapore
Tankers
LOWER activity for very large crude carriers last week translated into a drop in rates but things could start to move upwards again this week.
Last week saw charterers holding back on their requirements for the last 10 days of August and activity took a bit of a dive.
With only around 15-20 fixtures last week, rates from the Middle East Gulf to Asia dropped to around W140 for double-hulled tonnage and slightly lower for older, single-hull tonnage. At around $90,000 per day this puts the market still very much in owners' favour.
Where the market ...
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