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Analyst predicts VLCC rates of USD 100,000 before 2020

Supertanker day rates could reach about USD 100,000 before New Year's, Norwegian shipping analyst predicts. He points to geopolitical unrest and sanctions against a Cosco subsidiary as the causes.
Photo: Edgar Su/Reuters/Ritzau Scanpix
Photo: Edgar Su/Reuters/Ritzau Scanpix
by NIKLAS KRIGSLUND

A Norwegian shipping analyst thinks rates for supertankers could end up around USD 100,000 before the end of the year.

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