Predicting tanker rates has always been part science, part art, part wild guess. This year calls for even more artistry and wild guessing than usual. Rates for very large crude carriers (VLCCs, tankers that carry 2 million barrels of crude oil) currently average $32,800 per day, up 130% year-on-year, according...
Owners need to appoint surveyor or not?
This is generally a common question right after any bunker trade has been fixed. As its fully depend on choices of the Buyer/Owner or a Charterer, however, we strongly suggest Independent Surveyors to be appointed for the recent supplies especially at Fujairah/UAE.