VLCC Fixtures Shrouded in Secrecy in Ailing Tanker Market

A mostly transparent VLCC market is witnessing an increase in deals being concluded privately as a dismal freight market is offering charterers the luxury to quietly pick and choose their preferred owners as well as keep fixtures under wraps.

Register Now The weakness permeating the current supertanker market is such that for every VLCC-sized cargo quoted, there are more than 10 offers, shipping sources said…