Targeting of tankers off Venezuela and in Black Sea could boost rates
- Seizure off Venezuela, attacks in Black Sea and ongoing sanctions should push Asian crude buyers to charter more compliant tankers
- Sanctioned crude flows have declined vs highs in September and October
- Average VLCC rates rose to $108,034 per day on Thursday, highest since December 1
VLCC rates remain above six-figures per day and rising threats to the shadow fleet — both legal and military — should push more crude cargoes to compliant tonnage
