Americas east-facing VLCC freight climbs 39% amid altered trade flows

Capt. John

VLCC freight rates for hauling crude from the US Gulf Coast to China have hit a two-year high at lump sum $10 million, attributable to burgeoning oil demand, a tightened position list and changing trade flows that began with the Russia-Ukraine war. Platts assessed the benchmark VLCC freight rate...

https://www.hellenicshippingnews.com/americas-east-facing-vlcc-freight-climbs-39-amid-altered-trade-flows/

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