April 21st, 2017

VLCC tonne-mile

Spot market deception

Activity in the VLCC spot market has seen a sharp increase over the last 12 months. According to some records of spot fixture data, average laden distances of these spot voyages have been on the rise too. The resulting increase in tonne-mile demand has caught the attention of industry commentators. Beyond the spot market, however, a rather different picture is emerging.

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