Hormuz security fears feed sky-high large tanker rates

🌐 Seatrade Maritime (United Kingdom) —

AI Summary

Very large crude carrier (VLCC) tanker spot rates from the Gulf to Asia have reached unprecedented levels exceeding $600,000 per day. These elevated rates reflect heightened security concerns in the Strait of Hormuz impacting global tanker shipping costs.

Reported VLCC spot rates from the Gulf to Asia surpass $600,000 per day with very high across all key trades

Security Markets Energy Shipping VLCC rates tanker shipping Strait of Hormuz shipping costs energy markets security concerns

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