The spot VLCC market is finally showing signs of life as shipowners start to hike rates on the back of more enquiries and higher bunker prices.

Brokers reported PetroChina’s shipping arm, Glasford, chartered Samos Steamship’s 298,000-dwt Kokkari (built 2008) and Maran Tankers Management’s 318,000-dwt Maran Lupus (built 2009) at Worldscale 40.