VLCC utilisation could soon reach levels not seen since 2015, according to Greek owner Okeanis Eco Tankers.
With increased Middle East volumes expected in the May to June period, utilisation
VLCC utilisation could soon reach levels not seen since 2015, according to Greek owner Okeanis Eco Tankers.
With increased Middle East volumes expected in the May to June period, utilisation may hit 93%, according to chief executive Aristidis Alafouzos.
Back then, spot rates averaged more than $70,000 per day, against $45,700 now from the Middle East to Asia.
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