VLCC Day Rates Surge Above Half-Million Dollars Amid Security Warnings
Amid soaring tanker rates, a US-led naval coalition has warned shipping that stationary vessels and ships on predictable routes are 'credible' targets for sabotage across the Middle East. This warning comes after a tanker linked to the Stena-Sonangol suezmax pool was struck off the Iraqi coast. The Combined Maritime Forces' Joint Maritime Information Center (JMIC) advisory underscores that...