Asian VLCC market down, but not out | S&P Global Platts

Freight rates for Very Large Crude Carriers in the East of Suez have ebbed to this year’s low. But the situation is not as bad as it could have been, as associate editor Wanda Wang explains in this video. More ton mile demand is anticipated as Asian refiners look farther afield to quench their thirst for crude oil. Is this enough to keep the freight market afloat?

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