Back to the Futures – January 31, 2008

COB Wednesday 30 Jan: A positive week for the tanker complex. Although there were concerns a few days back about the tanker market falling off towards last year’s low levels, rates have managed to push up on the VLCCs. The spot rate for double hulled tonnage for the benchmark AG/Far East route is aboutWS 125 (TCE $93,000/day).

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