Independent journal on economy and transport policy
19:43 GMT+2
Tanker Rates Collapse At Week End
(MaritimeToday.com)
May 21, 2001
Tanker rates collapsed towards the end of last week as owners rushed to fix cargoes and move their Very-Large-Crude-Carriers (VLCCs) away from the Mideast Gulf where idle capacity was rapidly mounting. Brokers said they remained optimistic that rates would soon recover. "Last week proved to be another disappointing week for owners," said Oslo broker ...... Read more on MaritimeToday.com
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