VLCC rates come crashing down as fixing activity cools

Just days after the largest crude oil tankers hit multi-month highs, rates fell back to earth

The richest of this week’s fixtures was the Antigone, chartered to Petrobras at $114,972 per day from Brazil to China.
The richest of this week’s fixtures was the Antigone, chartered to Petrobras at $114,972 per day from Brazil to China.Photo: Piet Sinke/Maasmond Maritime
Published 23 February 2024, 14:06Updated 23 February 2024, 14:44
VLCCsProduct tankersTanker ratesCrude tankers