{"id":6064,"date":"2020-03-11T14:05:22","date_gmt":"2020-03-11T11:05:22","guid":{"rendered":"https:\/\/www.al-sindbad.net\/vlccs-back-in-mad-territory-with-scrubber-less-tankers-taken-by-the-saudis-on-subs-for-more-than-200000-a-day\/6064\/"},"modified":"2020-03-11T14:05:22","modified_gmt":"2020-03-11T11:05:22","slug":"vlccs-back-in-mad-territory-with-scrubber-less-tankers-taken-by-the-saudis-on-subs-for-more-than-200000-a-day","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/vlccs-back-in-mad-territory-with-scrubber-less-tankers-taken-by-the-saudis-on-subs-for-more-than-200000-a-day\/6064\/","title":{"rendered":"VLCCs back in \u2018mad\u2019 territory with scrubber-less tankers taken by the Saudis on subs for more than $200,000 a day"},"content":{"rendered":"

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In one of the most sensational days of tanker trading ever VLCCs climbed back into six-digit territory as Saudi Arabia moved to flood the markets with oil, taking a huge swathe of ships on subs.\u00a0<\/span><\/p>\n

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VLCCs, trading in the doldrums for around $18,000 last Friday, were booked on subs today for up to $241,949 a day as Saudi Arabia and Russia fight it out for oil supremacy. More remarkably, Saudis were willing to pay top dollar for the most prompt tonnage available, with non-scrubber fitted ships actually reaping higher bids than their HSFO burning sister vessels.\u00a0<\/span><\/p>\n

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As with six months ago, however, the sensational spike seen on Tuesday might not materialise. The last time there was a spike close to this scale \u2013 in September last year \u2013 the deals for tankers on subs at the most stratospheric levels failed to materialise.<\/p>\n

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\u201cIt\u2019s completely mad. Days like these are unheard of, and the cash put down on the table for these tankers are frankly mad and unsustainable,\u201d one veteran London-based shipbroker told Splash<\/em> today after a frenzied 12 hours of fixing.\u00a0<\/span><\/p>\n

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Saudi Arabia finds itself in a fight with Russia over crude after negotiations to limit production output came to an acrimonious end over the weekend.\u00a0<\/span><\/p>\n

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\"\"<\/p>\n

splash247<\/p>\n","protected":false},"excerpt":{"rendered":"

In one of the most sensational days of tanker trading ever VLCCs climbed back into six-digit territory as Saudi Arabia moved to flood the markets with oil, taking a huge swathe of ships on subs.\u00a0 VLCCs, trading in the doldrums for around $18,000 last Friday, were booked on subs today for up to $241,949 a …<\/p>\n","protected":false},"author":1,"featured_media":6065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[3077,3134,3096,3136,3137,198,3135,430],"class_list":["post-6064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news","tag-day","tag-mad","tag-saudis","tag-scrubberless","tag-subs","tag-tankers","tag-territory","tag-vlccs"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/6064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=6064"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/6064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/6065"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=6064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=6064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=6064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}