Back to the Futures – January 24, 2008

Although the Suezmax sector appears to be holding some of its recent gains, the VLCC physical market continues to slide. The single hulls led the way, losing approximately 30 Worldscale points in the last seven days. The doubles have fallen as well – and now stand at about ws 85 ($50,000/day) for the benchmark AG/East voyage.

This is only an excerpt of Back to the Futures – January 24, 2008

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