The VLCC market recently reached unprecedented levels, with daily earnings for several key routes surging significantly. Shipbroker Gibson reported these developments in its latest weekly analysis, noting the exceptional performance across the sector.
Specifically, the TD3C route saw its daily earnings climb above $1.2 million. This substantial increase highlights a period of remarkable profitability for very large crude carriers operating on this particular trade lane.
Concurrently, the TD34 route also experienced a significant rise, with daily earnings surpassing $750,000. This demonstrates a broad upward trend in the VLCC market, affecting multiple major shipping corridors.
Furthermore, the TD22 route achieved daily earnings of approximately $400,000 on an Eco basis. These figures, as reported by Gibson, underscore the robust and record-setting pace observed in the VLCC sector.
The recent surge has led many industry observers to question the future trajectory of the market. The shipbroker's report indicates that the past week has been one for the record books, prompting discussions about sustainability.
