Tankers: East of Suez VLCCs nearing w30 on oversupply

摘要

The continuing oversupply of tonnage pushed the East of Suez VLCC rate closer to the w30 levels Wednesday."Yesterday [Tuesday] all the vessels were trading at w32.5 levels. I feel the market could come down to the w30 levels," a chartering source with a VLCC to re-let said. "Because the market is very low, we have decided to go into own program."