VLCC freight rates from the Gulf of Oman to China fell to Worldscale 776 from 841 a week earlier, while regional disruption continues to support historically high tanker earnings.
VLCC freight rates for shipments from the Gulf of Oman to China declined to approximately 776 on the Worldscale scale, compared with 841 one week earlier, according to Baltic Exchange data. The correction followed an exceptional rally, but rates remain close to record levels and well above normal market conditions.
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