VLCC Weather delays in the East and increased cargo avails pushed up rates six points to peak at WS 58.5 to China, and WS 55.5 was agreed for South Korea, all basis 270,000mt. There is now a softer sentiment, with
Some ports serving Intra-Asia trades have become victims of their own success as growing volumes have led to congestion and delays.
The Intra-Asia market is forecast to grow in the range of four to six percent in 2018 when compared to