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VLCC Spot Earnings Hit $1m/Day: The right time for Tanker pooling is now

Exceptional VLCC spot earnings are putting a familiar commercial question firmly back in focus: how much exposure should shipowners have to the spot market, and how can they balance the opportunity for higher returns with the need for predictable and sustainable earnings? The question is particularly timely, as VLCC spot earnings have reached record levels ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

Read the original at hellenicshippingnews.com →

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Xeneta: Carriers Seize Opportunity As Freight Rates Head Towards Record Levels From Far East To US

The Xeneta Weekly Ocean Container Shipping Market Update provides data and intelligence including the latest freight rate and capacity movements across global trades with supporting insight from Peter…

  • Freight rates from Far East to US West Coast and East Coast surged 324% and 325% since February.
  • Bunker prices may reach pre-pandemic levels, potentially impacting fuel surcharges.
  • Carriers adding 6-7% more capacity in September for Far East to US East Coast trade.

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