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VLCC rates hit ‘rock-bottom’ as markets sink to five-month lows
Brokers suggest it can’t get any worse for VLCCs operating in a weak spot market.
Rates on the Middle East to China benchmark route sank to $19,000 per day on
Brokers suggest it can’t get any worse for VLCCs operating in a weak spot market.
Rates on the Middle East to China benchmark route sank to $19,000 per day on Monday, down $5,000 over the last week.
This is a five-month low, back to levels not seen since December 2024.
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