Tanker

Crude oil tanker rates circling three-year low

The upcoming interim reports from leading tanker carriers in crude oil in particular could contain depressing news for owners and investors.
Photo: Euronav
Photo: Euronav
by OLE ANDERSEN

With the current spot rates for very large crude carriers (VLCCs) at less than USD 10,000 per day, marking a three-year low, the upcoming quarterly and half-year reports from the listed tanker carriers look set to be depressing reading for shipowners and shareholders.

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