VLCC rates are racing into the winter season pushing the highest level in two years with analysts speculating about how high they can climb.
Morgan Stanley placed VLCC rates in the region of $40,000 per day, with the latest fixtures showing higher levels out of the Middle East for China, according to Tankers International.
“With owners’ confidence significantly bolstered, the current sentiment is still for firming tanker rates this week, although the rapid...
