VLCC Charter Rates Surge Past $100,000 Amid Market Tightening
VLCC charter rates have re-entered the six-figure range, highlighted by DHT Holdings’ one-year time charter for the DHT Redwood at $105,000 per day. This reflects the tightening VLCC segment, driven by strong crude demand and geopolitical uncertainties. DHT has secured significant coverage for upcoming spot days, indicating market optimism.
