Charter rates for VLCCs continue to surge, jumping from over $200,000 to an astonishing $300,000 per day today, as yet another tanker explosion turbocharges the market's recent bull run.
Tanker market sources said the Euronav's 318,376-dwt Ingrid (built 2012) has been fixed 'on subs' by Idemitsu at Worldscale 280 for a voyage from the Middle East Gulf to Japan. It equates to an actual time charter equivalent (TCE) rate of $301,219 including idle days, according to VLCC Chartering.
