VLCCs largely held their gains Tuesday with Chinese chartering demand in the Middle East Gulf, but some market players warned the bulls could be running out of steam soon.
On the Baltic Exchange, spot earnings on the TD3C Middle East-China route were assessed at $33,856 per day, up $1,489 from Monday’s level.
VLCC rates on the TD22 US Gulf-China trade were assessed at $7.89m
