Tankers

US shadow fleet sanctions sting lights fire under VLCC spot rates and futures

Non-eco VLCC rates shot up by half in a day on the back of Joe Biden’s sanctions salvo

VLCC rates have climbed following sanctions actions by the US.
VLCC rates have climbed following sanctions actions by the US.Photo: Frontline
TradeWinds correspondentOslo
Published 14 January 2025, 14:22Updated 15 January 2025, 09:52
Tanker ratesVLCCsChinaSanctionsUkraine Crisis