Story perspectives

VLCC Utilization Set to Soar Amid Surge in Spot Rates

5/17/2025

41 7

Summary

Story summary

VLCC utilization could hit 93%, the highest level since 2015, as reported by Okeanis Eco Tankers.
Anticipated increases in volumes from the Middle East are expected between May and June.
Okeanis CEO Aristidis Alafouzos highlighted that spot rates surpassed $70,000 per day during this timeframe.

1 of 1

Story summary

VLCC utilization could hit 93%, the highest level since 2015, as reported by Okeanis Eco Tankers.
Anticipated increases in volumes from the Middle East are expected between May and June.
Okeanis CEO Aristidis Alafouzos highlighted that spot rates surpassed $70,000 per day during this timeframe.