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Home Icon > About Us > News > Tankers: VLCC Market on the Slide During May

Tankers: VLCC Market on the Slide During May

VLCC spot freight rates edged down further in May. Rates were pressured by ample availability, as the tonnage list remained in excess due to limited scrapping and relatively steady new tanker deliveries. As a result, all routes experienced losses, but well below those seen in the previous month, which saw declines of as much as ...

WP_Post Object ( [ID] => 209949 [post_author] => 78 [post_date] => 2019-06-14 21:00:59 [post_date_gmt] => 2019-06-14 21:00:59 [post_content] => VLCC spot freight rates edged down further in May. Rates were pressured by ample availability, as the tonnage list remained in excess due to limited scrapping and relatively steady new tanker deliveries. As a result, all routes experienced losses, but well below those seen in the previous month, which saw declines of as much as ... [post_title] => Tankers: VLCC Market on the Slide During May [post_excerpt] => VLCC spot freight rates edged down further in May. Rates were pressured by ample availability, as the tonnage list remained in excess due to limited scrapping and relatively steady new tanker deliveries. As a result, all routes experienced losses, but ... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => tankers-vlcc-market-on-the-slide-during-may [to_ping] => [pinged] => [post_modified] => 2019-06-14 21:00:59 [post_modified_gmt] => 2019-06-14 21:00:59 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.hellenicshippingnews.com/?p=767365 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )