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Tue, Jun

VLCC rates surge as tanker owners steer clear of Middle East war zone

VLCC rates surge as tanker owners steer clear of Middle East war zone

Tanker fixtures have slowed to a trickle in the Middle East Gulf as Israel and Iran continued to launch missile attacks.

But what business there was attracted much higher rates,

Tanker fixtures have slowed to a trickle in the Middle East Gulf as Israel and Iran continued to launch missile attacks.

But what business there was attracted much higher rates, with VLCC spot earnings jumping 20% on Friday.

Sentosa Ship Brokers said the main Middle East Gulf to Japan VLCC route has added $12,000 per day to hit $31,000.

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