VLCC rates could soar to USD 150,000 per day in April

In the wake of the oil plunge, Clarksons now projects that there could be a need for another 60 supertankers in April, which would make rates increase significantly.

Photo: PR/Euronav

Shipping companies such as Euronav and Frontline may look forward to a significant rate boost in April.

According to Clarksons Platou, rates for VLCC supertankers could increase to USD 150,000 per day following this weekend's events among the OPEC member states and Russia.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs