Spot rates of VLCCs rose further on main trading routes across the globe on Friday, with one of the fixtures reported at an extraordinary level of Worldscale 400.

Tankers International data showed Reliance Industries tentatively fixed the 306,200-dwt Princess Mary (built 2004) for a voyage charter from the Middle East Gulf (MEG) to the west coast of India at this rate, with a loading date between 2 and 4 April.