VLCC market surges — fixtures reported at US$500,000/day

The VLCC freight market has entered extraordinary territory, with several short-term fixtures reportedly concluded at US$500,000 per day for periods of 30–90 days. Much of the activity appears linked to ADNOC Group, suggesting a sudden tightening in available prompt tonnage. Short-term fixtures reported * ROTTERDAM ENERGY (297k dwt, 2010) – 30–90 days T/C to ADNOC […]