A weak VLCC spot market has sprung back into life as new October cargoes boosted rates.

The Baltic Exchange’s assessment for the Middle East Gulf to China route increased 93% from the previous day to $18,600 per day.

Pools operator Tankers International reported Onassis’ 318,700-dwt Olympic Laurel (built 2019) booked by ExxonMobil from West Africa to Singapore at nearly $30,000 per day over 75 days.