The VLCC spot market is surging across the two main chartering markets.
In the Middle East, a flow of cargoes for towards the end of the last 10-day chartering window for March loadings pushed rates higher.
Capital Maritime & Trading’s 297,000-dwt Alexander the Great (built 2010) earned a rate of WorldScale (WS) 87.5 today for a journey on the benchmark Middle East-to-Japan route.
