Bahri brings in more VLCCs as Saudi oil cargoes head out
Saudi Arabia's shipping company is willing to pay the equivalent of $326,220 daily for a VLCC, in a deal that, if finalised, would further lift already increasing charter rates. But two provisional deals it agreed to earlier this week fell through, potentially because there was no storage space available or capacity on the oil pipeline at Ain Sukhna
Ongoing Saudi strategy to flood the market with oil sees Bahri charter in another two VLCCs within five days