VLCC earnings reach 11-year high despite return of Cosco

Crude tanker rates enjoy further hikes with US sanctions on Iran and Venezuela creating short-term imbalance

Xin Yue Yang is one of CSET's VLCCs.
Xin Yue Yang is one of CSET's VLCCs.Pietragala Geraldo/MarineTraffic
Published 9 October 2019, 18:02Updated 9 October 2019, 18:02
Cosco Shipping Energy TransportationIranVenezuelaUS sanctionsCrude tankers