Shanghai Shipping Exchange: Global Crude Oil Transport Market Sees Upward Fluctuations in VLCC Tanker Freight Rates

On May 24, the weekly report on the Chinese imported oil tanker transportation market released by the Shanghai Shipping Exchange showed that Brent crude oil futures prices fluctuated sideways this week, while VLCC-type oil tanker freight rates in the global crude oil transportation market fluctuated upward. The freight rates in the Chinese imported VLCC transportation market first rose and then fell. On May 22, the Shanghai Shipping Exchange released the Chinese imported crude oil composite index at 1210.48 points, up 1.6% from May 15.