Tanker

Morgan Stanley: VLCC rates at highest level since March

The fourth quarter is traditionally a good season for tanker carriers, but a surge in demand is currently keeping the vessels extra busy. A strong finish to the year for a segment which could face sliding rates following OPEC's announced cap deal.
Photo: DHT
Photo: DHT
by DANIEL LOGAN

The rates in the market for crude oil shipping defy the prospects of higher oil prices following the OPEC cap deal and have instead soared in the past two weeks, with the large VLCC supertankers on the Middle East to Asia trade in particular bagging the highest rates since March, reports Morgan Stanley.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs