VLCC

This sector sunk a little further this week. For 280,000mt Middle East Gulf to USG (via Cape of Good Hope) the market is assessed half a point lower at the WS17.5-18 level. Weakness was also been seen in the 270,000mt

On Wednesday this week the International Taskforce Port Call Optimization got to work on establishing common definitions following the milestone inaugural meeting of the ISO Technical Committee 8 on technical standards for administrative and operational data last December.

The ISO meeting