China's huge thirst for energy to power its burgeoning industrial machine has triggered a massive shift towards VLCCs hauling spot cargoes to the country.
VLCC fixtures in the first 10 months of this year increased to 151 compared with 115 in the same January-to-October period of 2003. Spot cargo volumes to China overall were up 16% from 54.34 million tonnes to 62.99
