‘From the doghouse to the outhouse’: VLCCs’ tricky Q4 voyage

The VLCC market has gone “from the doghouse to the outhouse” with rates plummeting across the board in all areas in the week gone by, according to Norwegian broker Fearnleys. Nevertheless, the tanker segment remains in profitable territory, however owners are frustrated that there has been no sustained earnings bump in Q4 with spot VLCCs …