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28.09.2025 23:00:00
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Supertanker Rates Hit Three-Year High on Rising Crude Flows
Rising crude supply from OPEC+ and South America and a marked increase in longer-haul routes have hiked freight rates for supertankers, the so-called very large crude carriers (VLCCs) capable of transporting up to 2 million barrels of oil, to levels last seen nearly three years ago. Tanker owners and shipbrokers expect the strength in the supertanker market to spill over to smaller-sized vessels such as Aframaxes and Suezmaxes and continue into the fourth quarter of the year. In recent weeks, VLCC rates on the benchmark Middle East-to-China route…Weiter zum vollständigen Artikel bei OilPrice.com