The start of Asia's Lunar New Year celebrations helped push down spot rates for larger tankers, with VLCCs sinking to the lowest level in three months.
Howe Robinson said a journey from the Middle East to China at is worth about WorldScale 80.5 today, down one point from yesterday.
"The MEG [Middle East Gulf]t market was very quiet today as we sit on the eve of the Lunar New Year holidays in the Far East," the brokerage said.
"The
