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Tanker Trends
Strong demand for VLCC tankers in the Middle East failed to create a massive breakout in rates, but owners were happy as bunker fuel prices continued to fall, brokers said early last week.
Tanker Trends: Markets Lose Steam During Asian Holidays
Tanker markets cooled as Asian holidays took the steam out of recent strength, but some brokers saw it starting to simmer again last week. Holidays in Japan and…
Tanker Trends: ATB Construction Forges Ahead …. Just Not at Torrid 2002 Pace
Construction of Articulated Tug Barge units (ATB) continues to occupy a prominent place in the order books of several shipyards. However the pace of current building…
Seaonal Surges Not Enough To Lift Rates From Depression
Sustained strong oil demand growth is required to lift product tanker freight rates out of their current depressed levels, shipbroker Simpson Spence & Young said in a new report.
Tanker Trends
Freight rates for crude tankers loading early April in the Middle East were climbing early last week as shipowners held out for higher prices in expectation of heavy vessel fixing, brokers said.