VLCCs breach the $90,000-a-day mark amid broad tanker bullishness

Following nearly a month of rate softness, crude and product tanker earnings are riding high again on seasonal oil demand and IMO 2020.

Spot earnings of VLCCs on the Middle East-China route reached $91,737 per day on the Baltic Exchange as of Thursday afternoon, up from the day-ago level of $78,814 per day and week-ago level of $54,698 per day.