Spot VLCC earnings have continued to skyrocket on tightening supply-demand fundamentals entering the fourth quarter, even breaching the $100,000-per day mark in the US Gulf-South Korea trade.
Brokers reported that SK Energy provisionally chartered the 299,500-dwt Pacific M (built 2019) from Sentek Marine and Trading for loading between 10 and 14 November at a lumpsum rate of nearly $12.4m.
Equinor also provisionally booked Bahri’s the 298,900-dwt Qamran (built 2018) for loading between 15 and 20 November at $12m.