VLCC rates surge despite Iran gloom

Baltic Exchange time charter rates hit highest levels since June 2020 owing to Russia-related trade shifts

Analysts are predicting a boom for VLCCs amid Russia trade reshuffles. — Analysts are predicting a boom for VLCCs amid Russia trade reshuffles.Photo: Jonathan Boonzaier

Paul Peachey

Published 12 September 2022, 09:07Updated 12 September 2022, 09:39

VLCCs Crude tankers Tanker rates Iran Russia