Crude tanker rates have remained at extremely high levels as market players are optimistic that US sanctions, seasonal demand and the IMO 2020 will keep tonnage supply tight.
While spot assessments on the Baltic Exchange were little changed amid quiet trading on Monday, Dynacom Tankers Management managed to achieve high rates in some shorthaul deals.
The Greek owner provisionally chartered the 300,000-dwt Folegandros 1 (built 2004) to Reliance Industries at Worldscale 330, equivalent to $272,807 per day on a time charter equivalent basis when idle days are excluded, according to VLCC Chartering.
