Spot time charter equivalent earnings of VLCCs are stabilising at about $100,000 per day, pointing to big profits for shipowners this winter despite incremental fuels costs for many vessels due to IMO 2020.

Preliminary fixture date showed Unipec earlier this week chartered the 320,800-dwt,scrubber-fitted Anbar (built 2019) at Worldscale 117. And the Chinese company, the world's largest charterer of large tankers, took the 300,000-dwt, non-scrubber Baghdad (built 2016) at the same rate.