Fearnleys Week 19 2008

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

15 May 2008

There appears to be no foreseeable end to the momentum achieved by VLCCs trading in the MEG and WAF as rates continue to go from strength to strength. Some charterers are now fixing for more forward laycans than usual, and this could possibly result in demand easing off and rates stabilising for a while. Nonetheless, the underlying strength of market seems pretty unshakeable at the moment. With a strong resurgence of activity and a Download File
Source: Fearnley