VLCC owners have been enjoying a new source of demand in China after the opening of an independent Shandong Yulong refinery.
The 400,000-barrel-per-day plant received its first crude cargo on 6 November in a muted big tanker market.
Oil analytics company Kpler said Taiwanese owner Global Energy Maritime’s 302,800-dwt Gem No 2 (built 2017) was fixed by trader Vitol.
