WEST OF SUEZ DIRTY TANKER QUARTERLY: Q4 set to herald firmer sentiment amid economic, political uncertainty

The third quarter of 2024 was a frustrating period for shipowners operating in the West of Suez VLCC sector, with muted spot-market inquiry levels and weakness in the Persian Gulf loading zone preventing rates from mounting a sustained recovery from the lows experienced in the second quarter. Rates for the 260,000 metric tons West Africa-Far East route hovered around the…The third quarter of 2024 was a frustrating period for shipowners operating in the West of Suez VLCC sector, with muted spot-market inquiry levels and weakness in the Persian Gulf loading zone preventing rates from mounting a sustained recovery from the lows experienced in the second quarter. Rates for the 260,000 metric tons West Africa-Far East route hovered around the…Read More