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Shanghai Shipping Exchange: Crude oil freight rates jump sharply.

10/10/2026

According to the Shanghai Shipping Exchange, freight rates for VLCC tankers in the global crude oil transportation market rose at high levels. Freight rates in China's imported VLCC transportation market jumped sharply. On October 8, the China Imported Crude Oil Composite Index released by the Shanghai Shipping Exchange stood at 19,317.01 points, up 23.2% from September 23.

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