ShippingWatch

Rising production from oil countries could increase pressured VLCC rates

Reports of increasing oil production from OPEC+ bring good news to tanker companies, estimates Clarksons. After a difficult 2021, the broker expects to see significantly higher tanker rates towards the end of the year.

Photo: AET

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

World bank calls LNG a dead end as fuel for shipping

LNG is a risk-fraught waste of time as a fuel for shipping, and it will only delay the transition to sustainable fuels, warned the the UK's High-Level Climate Action Champion at the presentation of an LNG report from the World Bank.

Further reading

Related articles

Latest news

See all jobs