It has been 15 years since VLCC rates have been anywhere near the current level of USD 300,000 per day, according to Poten & Partners' weekly analysis of the tanker market, which describes the situation as "not normal circumstances".
VLCC rates hit USD 300,000 per day
VLCC rates have climbed to USD 300,000 per day, the highest level in 15 years, analyst firm writes. The rates have increased massively over the past month, and the current situation is "not normal circumstances", according to the analysis.
BY TRINE VESTERGAARD
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