Crude tanker rates steady

PUBLISHED : Friday, 23 August, 1996, 12:00am
UPDATED : Friday, 23 August, 1996, 12:00am

Middle Eastern crude tanker rates were steady with an upwards bias in a busier market, brokers said. Chartering activity built on the upturn seen last week. Shipbrokers said all the tankers were fixed East with GSSK taking a 250,000 tonne cargo on the Crane Princess to Japan.

VLCC rates to Asia remained in the mid to high Worldscale (WS) 60s, while trips to the US and Europe rose to WS70. VLCC trips to Japan were set between WS65 and WS72.5.