CLARKSONS HELLAS – SnP WEEKLY
Tanker rates have hit record highs this week. VLCC earnings are now averaging over USD 600,000 p/d globally, with rates near Hormuz reaching as high as USD 800,000-1.5 million p/d. This is being driven by a surge in oil shuttled through the Strait via ship-to-ship transfers, now above 7.5 million ba
Tanker Market & Logistics Analysis
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Record Earnings: VLCC earnings are averaging over $600,000 per day on a global scale.
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Peak Pricing: Rates near the Strait of Hormuz have reached peaks of $800,000 to $1.5 million per day.
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Trade Volume: Ship-to-ship oil transfers through the Strait now exceed 7.5 million barrels.
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Market Driver: Surging oil shuttle operations are the primary driver behind current record tanker rate volatility.
Market & Global Energy Impact
Facing significantly inflated logistics costs due to the surge in daily vessel charter rates.
Benefiting from record revenue spikes generated by high-demand transport routes near Hormuz.
Executive Logistics FAQs
What is the primary driver for current tanker rates? ▾
The spike is driven by a surge in oil shuttled via ship-to-ship transfers exceeding 7.5 million barrels.
What are the peak earnings for VLCCs near Hormuz? ▾
VLCC earnings near the Strait of Hormuz are reaching between $800,000 and $1.5 million per day.
This dispatch has been curated by Press Glob under international press wire fair-use reporting standards. Access the original reporting directly below.
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