A 'perfect storm' of geopolitical events boosted VLCC period rates by up to 48% last year.
Shipbroker Alibra Shipping said in its quarterly report that 2019 had been an eventful year, marked by market volatility and healthy earnings, with term charter numbers higher for both crude and product carriers.
One-year VLCC charters averaged $35,645 per day, up 48% year-on-year.
