Platts Asian spotlight podcast: VLCC owners may idle vessels for Persian Gulf to North Asia voyages

In this Platts podcast, Thomas Hogue , news director for Asia and Pradeep Rajan, Asia shipping reporter, discuss Worldscale rates for Very Large Crude Carriers (VLCCs) moving crude oil from the Persian Gulf to North Asia being at levels that would offer shipowners virtually no profit, according to shipping sources. Some VLCC owners are holding back their vessels, with the majority of market...