The VLCC freight market has entered extraordinary territory, with several short-term fixtures reportedly concluded at US$500,000 per day for periods of 30–90 days.
Much of the activity appears linked to ADNOC Group, suggesting a sudden tightening in available prompt tonnage.
Short-term fixtures reported
* ROTTERDAM ENERGY (297k dwt, 2010) – 30–90 days T/C to ADNOC @ US$500,000/day
* FUJAIRAH ENERGY ex-DD (299k dwt, 2015) – 30–90 days T/C to ADNOC @ US$500,000/day
* SINOKOR VLCC (TBN) – several fixtures reported @ US$500,000/day
Longer-term fixtures
* KOKKARI (297k dwt, 2008) – 1-year T/C to ExxonMobil @ US$80,000/day
* ARAGONA (319k dwt, 2012) – 1-year T/C to Koch Engineered Solutions @ US$110,000/day
* MARAN ARETE (319k dwt, 2016, scrubber) – 5-year T/C to Mercuria @ US$55,000/day
Other market move
* SPHERICAL (313k dwt, 2022) reported sold to Trafigura, delivery March 2026.
Daily earnings approaching half a million dollars indicate an exceptionally tight prompt market and urgent cargo positioning.
Further fixtures are expected to emerge as the situation develops.
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Tag: FreightRates
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VLCC market surges — fixtures reported at US$500,000/day