Freight
Market Overview
VLCC freight rates continue to soar as TD3c Middle East to China route printing WS679 equivalent to 20$/bbl basis loading from Ras Tanura.
Reduced VLCC availability as more tankers get locked up with longer voyages, both due to diversion from chokepoints, and more Atlantic basin arbs into Asia, while increasing crude supply from the AG fuel the TD3c rally.
