Crude tanker rates cratered last week, but owners are confident, Clarksons said.

The shipbroking giant’s fleet weighted average for VLCCs fell over 19% last week, slipping to $43,000 per day, while suezmaxes slipped 18.6% to $49,600 per day.

LR2 rates to surge past $220,000? Clarksons says freight costs will provide a ceiling
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Aframaxes dropped 6.3%