VLCC Rates climbed slightly. However, with the bunker prices rising about $25/mt, the net result is lower earnings for owners and a deepening of the chasm between income and expenditure. In the Middle East, rates firmed a couple of points to WS28 for 280,000mt to China, while voyages of 270,000mt...
https://www.hellenicshippingnews.com/tankers-vlcc-market-moves-to-higher-ground/