Tankers are seeing little respite in their seasonally strongest period as spot rates across the largest vessels give up all their fourth-quarter gains.
Very large crude carriers (VLCCs) saw spot rates on the Baltic Exchange's benchmark Middle East-to-Asia route settle at just over $21,000 per day Monday, just below the spot rate assessment at the start of October.
On a world scale (WS) basis, VLCCs were assessed at WS 60, which is also the rate seen in October.
