Three of the company’s six VLCCs trade spot and those vessels earned an average of just $12,500 per day in the second quarter compared to $23,200 daily during the second leg of 2012.
By contrast its three VLs on bareboat contracts earned an average of $20,000 per day versus $22,100 daily during the corresponding period of last year.
However the outlook for next year is bleak with two of the three VLs tied to BP due to come off hire.
The
