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VLCC Rates to Stay Flat as Old and Modern Ships Compete for Cargo

By Keith Wallis SINGAPORE, June 30 (Reuters) – Freight rates for very large crude carriers (VLCCs) are likely to remain flat next week, a situation that could well last until August, brokers said on Friday. “Rates are stuck. I don’t see there being any hope for July cargoes. Similar rate levels are probably here for […] The post VLCC Rates to Stay Flat as Old and Modern Ships Compete for Cargo appeared first on gCaptain.
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