Seatrade Maritime News: Euronav Books $92.3m Q2 Profit as Tanker Markets Soar

30 Jul 2015: “Thanks to what Poten & Partners referred to in May as a VLCC market ‘firing on all cylinders’, newly-delivered VLCC, 302,550 dwt Hakata, was able to take advantage of average Q2 VLCC fleet spot rates of $55,570, more than double the $21,464 average recorded in Q2 2014. Average time charter rates also increased to $38,148 in Q2 2015 from $27,655 in Q2 2014.”