Following the correction of spot earnings, the time-charter and forward freight agreement (FFA) trades for VLCCs have cooled down this month.
Brokers reported GS Caltex booked the 314,000-dwt, scrubber-fitted C Passion (built 2013) from SK Shipping for three years at $37,000 per day, about $9,000 a day down on comparable deals last month.
Clarksons assessed the three-year rate for a modern VLCC without scrubbers at $35,000 per day as of last Friday, down from $45,000 per day on 11 October.
