VLCCs charge towards $100,000 a day

Tanker watchers are keeping a firm eye on the volatile VLCC markets today, with a $ 100,000-a-day fixture widely anticipated, the first time this landmark has been broken since November.

VLCC fixtures have been on a charge all week, with eco, scrubber-fitted ships fixing at figures pushing above $90,000 a day. Demand from China has been leading rates to new highs each day of the week so far.

Pareto Securities called the $100,000 figure this morning, noting in a report to clients that modern ships with scrubbers are “effectively in three-digit territory” out of the US Gulf. 

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