The VLCC market continued to improve across all regions this week, aided by higher rates from the Middle East Gulf to China.
Latest rates are up 35% on the week and 16% on the month at $33,800 per day, according to Clarksons, having reached a peak of $36,100 last Thursday.
In the year to date, the average VLCC rate is $42,000 per day, some way behind 2023’s $51,200 per day.
