Source-Livemint.com/The Wall Street Journal)
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Earlier this week spot returns in the VLCC market touched their lowest level since October 2014, with TCE earnings for Middle East/Japan (TD3) falling close to $20,
The rules of the Russian Maritime Register of Shipping are in conformity to the International Maritime Organization (IMO)goal-based standards (GBS), the IMO’s Maritime
Around 47 MidEast charters fixed for July loading so far; older tonnage and new vessels a drag on freight rates.
Freight rates for very large crude carriers