VLCC records tumble amid Hormuz paralysis

VLCC and suezmax rates have hit unprecedented levels as tanker availability slumps after the weekend’s attack on Iran by the US and Israel. Tankers International reported Greek owner’s Minerva Marine’s, 15-year-old, 317,000 dwt Pantanassa was fixed on subs yesterday to South Korea’s GS Caltex at $436,000 a day – the highest ever spot rate for …

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