Spot VLCC rates were rising further still on Monday after the period charter market experienced one of the busiest weeks in recent memory.

According to Tanker International, Unipec provisionally booked 297,900-dwt New Prospect (built 2009) at Worldscale 200 for a voyage charter from the Middle East Gulf to China, with a loading date between 17 and 19 April.

Similar deals were done at between WS 185 and WS 190 last Friday.