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7.1

Supertanker charter rates hit record $1.2M/day amid oil transport crunch

Daily charter rates for VLCC supertankers have surged to a record $1.2 million, reflecting acute vessel scarcity and robust oil demand. This marks a first-time milestone, signaling sustained pressure on global oil logistics and potential upward pressure on delivered crude prices.

Dagens Industriabout 17 hours agoCredibility 26%View source

Score Breakdown

Mosaic Score7.1
Confidence0.7
Significance0.8
Source credibility0.3

Intelligence Tags

#supertanker#shipping#oil#logistics#rates
Source

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