Wednesday, March 31, 2010

Rise in VLCC charters pushes rates near $60,000 per day

Rise in VLCC charters pushes rates near $60,000 per day. Spike sees charterers pay a premium on spot market to cover loading dates at end of month

THE number of very large crude carriers chartered on the spot market for March loadings closed at 107 yesterday — 23 more than the same month in 2009, and just under the 108 reported in March 2007.

Michelle Wiese Bockmann

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