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Infomarine On-Line Maritime Directory

Fri, Jul

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Can contango save the summer as VLCC owners eye new long-haul routes?

A shift in oil price trends may rescue VLCC owners from rock-bottom summer markets, according to shipbroker BRS Group.

The company said oil prices are at their lowest level since

A shift in oil price trends may rescue VLCC owners from rock-bottom summer markets, according to shipbroker BRS Group.

The company said oil prices are at their lowest level since 2021, and could soon flip into contango, where spot prices are lower than forward ones.