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VLCC freight rates for West-East routes rise on strong cargo demand

October 31, 2013 (3:51 mins)



Platts EMEA shipping team leader, Angela Velasco, discusses the factors affecting record high freight rates on very large crude carriers with EMEA shipping editor, Shubhlakshmi Shukla; EMEA fuel oil editor, Marko Trtica and North Sea crude editor, Ned Molloy. With firm demand in the Far East for both crude oil and fuel oil cargoes, the team focuses on the interaction between crude and fuel and the effect of the increased rates on the main trade routes.


This is the latest in a series of weekly podcasts aimed at highlighting significant news stories from around the energy world. Check back every week for the latest update.


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