Shell had booked two Very Large Crude Carriers (VLCC) on Tuesday at the rate of Worldscale 70. Worldscale is a unified system of establishing payment of freight rate for a given oil tanker’s cargo.

The Big Star, a huge tanker with 2.1 million barrels of Russia's ESPO Blend oil onboard, has been waiting near China in a potential sign of weaker demand for the crude in the region, LSEG data showed ...

CNBC reports that “The average daily fuel cost to operate a VLCC has fallen from over $75,000 to under $18,000.” Though this decline in oil prices help crude tanker companies lower operation ...

Utilisation and rates have fallen, but if Opec continues pumping oil, countercyclical summer bump could still come ...

It now operates a diversified fleet of around 160 vessels, including dry bulk, container, and chemical tankers, rather than focusing solely on oil transport with Very Large Crude Carriers (VLCC ...

2025 Forecast: More than 70% of the first quarter of the SPOT market days have already been secured, with an average rate of $36,400/day, with a revenue of as much as $41,700/day. These rates ...

China has been importing plenty of oil lately, but little of it is being used, posing a problem for tanker owners, according ...

VLCC spot freight rates showed improvements ... after one of the worst sector downturns on record, a batch of oil tanker companies are looking to raise capital through U.S. listings.

The crude tanker market, including VLCC supertankers ... to have left conventional trading to transport sanctioned oil including from Russia, Iran and Venezuela as part of the so-called shadow ...

Chinese demand is set to drive global oil consumption this year, and Chinese refiners are booking tankers to carry crude on long-haul trips from the United States, further tightening the VLCC ...

Here are Jefferies three Buy-rated VLCC companies: DHT is an independent crude oil tanker company. Its fleets trade internationally. Trading under $12, with a solid 6.08% dividend, this company ...