Middle East Economic Survey


No 31


July Tanker Rates Highest In 10 Years

By Poten & Partners

The following is an analysis of the current tanker market published by Poten Weekly Opinion Report on 23 July. Reprinted with permission.

As in the Shakespearian play where reality seems a dream, VLCC rates this July are the real thing, though seem something pulled from a dream. July rates are the highest theyve been in any July over the past 10 years. A combination of factors is...