Spot rates for very large crude carriers reached their best level of 2018 as major charterers put modern vessels on subjects for July loading.

The Baltic Exchange's index for spot voyages between the Middle East and China hit World Scale (WS) 56.08 on Tuesday, the highest level since last November.

The index hit that level as China's Unipec, the largest customer for spot VLCCs, put four vessels on subjects at levels between WS 51.5