Tanker Rates Soar: Oil Shipments Surge, Prices Spike
Update: 2025-09-18
Description
Supertanker charter rates are exploding! A surge in crude oil shipments from the Middle East and the U.S. to Asia has driven rates to a near three-year high. Increased OPEC Plus production, cheaper Saudi crude for Asian buyers, and a divided tanker fleet—with shadow fleets ignoring sanctions—are squeezing supply and inflating prices. Chartering a supertanker from the Middle East to China now costs millions, and owners are seeing their biggest earnings in over a year. Experts predict these high rates will persist through year's end.
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