US shut-in fuels VLCC rates
- Saudi Arabia: Monday, October 31 - 2005 at 07:59
The continuing shut-in of 63% of production in the Gulf of Mexico has not lessened, fuelling demand for Very Large Crude Carriers, as predicted in Gulf News last week. There are many cargoes for November loading in the Persian Gulf with fewer and fewer vessels to cover them, said the same columnist today. VLCC rates have surged.
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