Thursday, April 2, 2009

VLCC market under heavy pressure

OPEC production cuts, newbuilds entering the market and declining oil consumption will inflict significant damage to the crude oil shipping industry and the VLCC-segment particulary:

Ingen sjanse i helvete for shipping

'Prevailing gloom' in the VLCC spot market

Opec output cuts send VLCC rates to seven-year low


The tide turns for tanker sector

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