Carriers

Clarksons: VLCC rates set to rise

In its recent update on its freight rate predictions, analytics company Clarksons Platou Securities predicts that VLCC spot rates are set to return to higher levels after a tough period. Dry bulk, on the other hand, faces ”unimpressive market development”.
Photo: PR / DHT Holdings
Photo: PR / DHT Holdings
by IDHA TOFT VALEUR

Clarksons Platou Securities states in its most recent shipping weekly update that after a stint of low spot rates for very large crude carriers (VLCCs), it is all about to turn around for tanker carriers. And there is no capacity in the fleet lying around to ”spoil the party”.

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