Are Tanker Rates Headed Higher?

By Tim | Published: January 19, 2010

Capital Link Shipping | Investing In International Shipping Maritime.

A couple of comments on the above linked tanker market summary. Nice to see VLCC rates back above $85k. They averaged $25k for all of 2009.

There are only 50 VLCC tankers available in the Arabian Gulf for the next month. Typically, 90 of the big tankers are needed each month so spot rates could move significantly higher.

This entry was posted in Tanker and tagged , . Bookmark the permalink. Trackbacks are closed, but you can post a comment.

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>