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Asia VLCC rates to hold steady after hitting new 5-year high

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Published Fri, Dec 4, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    FREIGHT rates in Asian trades for very large crude carriers (VLCCs) are likely to remain firm as vessel supply and charter volumes stay evenly matched, ship brokers said on Friday.

    They have seen daily earnings soar by between US$37,500 and US$42,000 in the last week.

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