March 12, 2020

VLCC ( Super Tanker ) Freight Rates Rise 7 Times in One Month

VLCC tanker rates along the busy Middle East Gulf to China route jumped to about $160,000-$180,000 per day on Thursday, up from about $70,000-$100,000 per day on Wednesday, according to several ship broking sources.
Just one month ago, the same rate was at about $20,000-$30,000 per day, the sources said.

Credit / For More ,Please click :-

https://www.reuters.com/article/saudi-oil-shipping/booking-frenzy-sends-oil-tanker-rates-soaring-as-opec-opens-crude-taps-idUSL4N2B528L
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