Shanghai Shipping Exchange: Crude oil freight rates rise at a high level

According to the Shanghai Shipping Exchange, freight rates for VLCC tankers in the global crude oil transportation market continued to rise. Freight rates in China's VLCC import transportation market climbed higher from already elevated levels. On September 23, the China Imported Crude Oil Composite Index released by the Shanghai Shipping Exchange stood at 15,681.93 points, up 4.9% from September 17.