VLCC owners take gamble in bid to boost returns

Liz McCarthy - Friday 8 May 2009

OWNERS of very large crude carriers are gambling with negative earnings as low as minus $6,000 per day taking trips from the Middle East to US in an attempt to reposition their ships to pick up cargoes with more attractive returns.

“There’s quite a lot of ships that are considering and going West at the moment,” one London brok...

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