{"id":134614,"date":"2019-10-14T19:16:47","date_gmt":"2019-10-14T16:16:47","guid":{"rendered":"https:\/\/maritimes.gr\/vlcc-spot-charter-breaks-300000-level-on-market-disruption\/"},"modified":"2019-10-14T19:16:47","modified_gmt":"2019-10-14T16:16:47","slug":"vlcc-spot-charter-breaks-300000-level-on-market-disruption","status":"publish","type":"post","link":"https:\/\/maritimes.gr\/en\/vlcc-spot-charter-breaks-300000-level-on-market-disruption\/","title":{"rendered":"VLCC spot charter breaks $300,000 level on market disruption"},"content":{"rendered":"<p><img decoding=\"async\" class=\" size-full wp-image-134612\" src=\"https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/10\/a51ed62522bab1c9b0cc56f764963149.jpg\" alt=\"\" width=\"564\" height=\"423\" srcset=\"https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/10\/a51ed62522bab1c9b0cc56f764963149-200x150.jpg 200w, https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/10\/a51ed62522bab1c9b0cc56f764963149-300x225.jpg 300w, https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/10\/a51ed62522bab1c9b0cc56f764963149-400x300.jpg 400w, https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/10\/a51ed62522bab1c9b0cc56f764963149.jpg 564w\" sizes=\"(max-width: 564px) 100vw, 564px\" \/>The ride in the crude oil markets continues and charter rates continue to rise unimpeded as geopolitical tensions fail to subside<\/p>\n<p>Euronav and Frontline are among those raking in huge charter contracts as sanctions and security issues hit market<\/p>\n<p>SPOT charter contacts for very large crude carriers broke $300,000 as the industry digested the fallout from the US focusing its spotlight on sanctions on oil and from the latest security incident in the Middle East.<\/p>\n<p>The Baltic Exchange Dirty Tanker Index, which works as an aggregate of global shipbroking assessments, reported that by Friday afternoon, rates for West Africa to China VLCC routes had almost doubled within a day to reach $278,057.<\/p>\n<p>Middle East Gulf to Singapore and China routes had reached $305,998 and $300,391 respectively, marking an almost 100\\% day-on-day increase.<\/p>\n<p>VLCC rates have been&nbsp;rising<a class=\"click-utag\" href=\"https:\/\/e.infogram.com\/4aa3aa44-f147-4d80-a28a-9d4243605c84?src=embed\" target=\"_blank\" rel=\"noopener noreferrer\">&nbsp;<\/a>sharply since the US imposed sanctions on units of Cosco Shipping.<\/p>\n<div class=\"root\">\n<div class=\"iframe-component\">\n<div data-embed-link=\"enabled\"><iframe class=\"iframe-component__desktop ewf-desktop-iframe_b55f0bde941541c2988e25d8d7d09c21\" title=\"Tankers 2\" src=\"https:\/\/e.infogram.com\/4aa3aa44-f147-4d80-a28a-9d4243605c84?src=embed\" width=\"700\" height=\"675\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-mediaid=\"b55f0bde941541c2988e25d8d7d09c21\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ride in the crude oil markets continues and charter rates continue to rise unimpeded  [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":134612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[273],"tags":[],"class_list":["post-134614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritimes-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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