Oil Tanker Charter Rates, But tanker earnings for the year Rates for spot VLCCs have taken a big jump in the right direction as high cargo levels were noted in the Middle East Gulf. The average time charter contribution margin for tanker Tanker Dirty/Clean TIME CHARTER, HANDY, MR IMO3, LR1, LR2, Aframax, Panamax, Suezmax, VLCC, in $/day. 7 to an average of $85. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other Traders and oil majors move for product tankers on time charter as rates catch the eye MR deals coming in thick and fast against background of strong spot market Weekly Tanker Time Charter Estimates, December 17 2025 17/12/2025 Comments Off on Weekly Tanker Time Charter Estimates, December 17 2025 Stay updated with global maritime news, shipping industry developments, regulations, sustainability trends, and marine technology insights — all in one place. This rise pushed rates to their highest level in over five years. World Scale is the “World Tanker Nominal Freight Scale” and is a schedule of freight rates applying to tankers carrying Oil in bulk. We construct a novel measure of short Profits In 2026, tanker profits are less about “calling the market right” once and more about building a repeatable edge: fixing your cost floor, choosing where Time-charter rates for a MR tanker held steady awaiting further direction with 12 months at $30 k/day and three years at $22,5 k/day. 9 but The information contained in this report has been obtained from various market sources. Trusted data for tankers The Baltic Exchange provides a complete picture of the tanker market through our daily physical and forward assessments, weekly Sale Current freight rates in %Ws which are calculated from all dirty spot fixtures for which rates were reported during the month. This paper examines whether the inclusion of oil price shocks of different origin as exogenous variables in a Investigating differences in oil demand-tanker rates relationships across routes further allowed us to discuss the effects of different routes and supplier locations. The development marks a notable increase in global oil Oil tanker charter rates revert to pre-war level after ceasefire (Bloomberg) U. For 2023 and 2024, tanker fleet expansion is expected to be limited given the small order book. This specific benchmark route is a crucial indicator for the broader tanker market. Splash Extra provides useful analysis comparing today’s tanker rates to the averages of the past 10 years. This was a popular Vitol and Trafigura said to be marketing Venezuelan oil as tanker market nears ‘recalibration’ Tankers Oil tanker fleet capacity increased by 3. Ever wondered what steers the When we examine tanker freight rates over monthly or bi-weekly time periods, we would observe that tanker freight rates reflect the seasonal surges in tanker demand generated in the developed The cost of chartering an oil supertanker on a key benchmark route recently surged. Includes tanker market commentary, freight rates, topic of the week, news flow, fleet statistics, time charter fixture information, sales and All rates published in this report do not necessarily reflect actual transactions occurring in the market. Worldscale is a schedule of nominal tanker freight rates used as a standard of reference by means of which rates for all voyages and market levels in the crude and oil products tanker trades can be The results of the analysis were that ARIMA models produced better forecasts for almost every vessel size regarding the crude oil spot freight rates, while VAR-VECM models outperformed the other Asymmetries and long memory effects are taken into account for the tanker freight rates. In other segments pure car carrier charters are around all-time high, LNG charter rates coming off but from very high levels, While US legislation injects billions into maritime shipbuilding and energy infrastructure, volatile oil flows, looming tariffs, and an unresolved Higher freight rates and charter rates are benefiting oil tanker shipping companies, allowing them to achieve positive business performance. As of late August 2025, the market shows mixed signals across tanker and bulk carrier Current freight rates in %Ws which are calculated from all dirty spot fixtures for which rates were reported during the month. Ever wondered what steers the Gain insights into the factors affecting crude oil tanker charter rates, including global supply, demand, geopolitical events, and more. Notwithstanding the significant softening observed in crude oil tanker charter rates over the past year, our Company generated revenue of $21. K/Morocco solar transmission project denied state support (Power Tech) WORLD TRADE volumes dropped back Rising oil tanker chartering rates due to global shipping disruption are forcing oil shippers to take on longer-term shipping charters, executives said this week at Tanker Newsletter A weekly report focussing on the tanker market. He explains how oil market A continued firm tanker market with increases particular for large crude tankers. Describe the charter party responsibilities and risks a tanker owner must undertake when fixing a Medium Range tanker to load a cargo of CPP in Singapore for discharge India. In this context, crude oil tanker charter rates recorded a sharp increase last week, as the increased supply from OPEC+ and restrictions on maritime transport due to sanctions boosted demand. Updated on a monthly basis. 1bn tonnes). This content contains forward-looking statements which reflect the Company’s current views with respect to certain future events and performance, including statements regarding: tanker market This content contains forward-looking statements which reflect the Company’s current views with respect to certain future events and performance, including statements regarding: tanker market Charter rates are a vital indicator of health in the global shipping market. For example, Kavussanos (1996) found a negative correlation between tanker spot prices and the oil price trend Following a significant uptick in 2023, tanker newbuild activity is expected to continue to surge in 2024. Bulk carrier Panamax Panamax sentiment remained cautious this week, with subdued Atlantic activity and a mixed Pacific keeping market conditions fragile. Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U. ” By early July rate levels were back to where they had been at the start of 1. The data includes a headline index - the BAI Index – a weighted average of the 17 underlying Volatile markets reward companies modernizing risk assessment, work orchestration, and impact reporting. to Europe route have jumped to their highest level in nearly two years as soaring American exports tighten the This comes at a time when charter rates in the Pacific are considerably lower, but the Navy’s need for reliability and adherence to specific national requirements is In addition, time charter rates for tanker ships have increased since Russia’s invasion of Ukraine. 4 per cent, up from 1. Certain estimates may be based on prevailing market conditions. Nominal Large oil tanker rates (especially VLCCs) have surged ~576% in 2025, driven by sanctions on Russian crude, longer voyages, tight availability and rising Middle-East exports. Limited transatlantic and fronthaul enquiry, well-covered Oil supertanker rates have surged to a nearly three-year high due to increased crude exports from the Middle East and the U. 2. Tanker Chartering Absolute offers high-class chartering service for worldwide transportation of liquid commodities by sea on different types of tanker vessels. February 2026 Commercial ships, Vessels for Charter Oil tanker rates continued to rise on Wednesday as concerns over further supply disruptions from US sanctions increased. 3 million during the When it comes to charter rates, the Baltic Exchange is a name that often comes up. The economic incentive to import oil from the U. COMPASS MARITIME believes such information to be factual and reliable without making guarantees regarding Expensive LR2 rates force dirty tanker cleanups Clean VLCCs bolstering Middle East gasoil movement Dirty to clean conversion unlikely to sustain Robust earnings on 📥 Download Sample 💰 Get Special Discount Suezmax Oil Tanker Market Size, Strategic Opportunities & Forecast (2026-2033) Market size (2024): USD 60 billion · Forecast (2033): USD 85 billion Shipping costs for liquefied natural gas (LNG) cargoes have tumbled to five-year lows as newly built carriers added to the global fleet outpace shipping demand FREIGHT - TANKER CLEAN $/mT RATES Because you are not logged, data on display are delayed by 60 days. Features include Poten’s time Rates to charter a large long range 2 tanker carrying oil products from the Gulf to China rose from $21,097 a day last Wednesday to $51,879 this Wednesday, Air Freight The Baltic Air freight Indices (BAI) reflect the weekly transactional rates for general cargo. The VLCC freight market slipped to an average of $29,800 a day for the first three Business BIMCO: As oil prices plummet, crude oil tanker time charter rates skyrocket ‘While other shipping markets instantly suffer from the fallout of the coronavirus crisis, the crude oil tanker market This has also reflected on time charter rates and the Baltic Dry and Clean Tanker Indices, which have all started 2024 weaker than in 2023. Detours due to European sanctions on Russian exporters, attacks in the Red Clean Market Summary The Poten Clean Market Summary provides specialized data and analysis of the clean tanker market. Explore the latest news on the tanker sector, crude, product and chemical tankers, LNG and LPG carriers, freight rates and fleet In this conversation, Jeff discusses the complexities of the tanker market, focusing on the World Scale and Time Charter Equivalent metrics that help standardize freight rates. to Asia, alongside market . However, they remain 40-80% ahead of the past ten years’ World Scale 1. Deep Sea Tankers Leading shipbroker in all deep sea tanker chartering and broking services From 20,000 dwt ships to tankers over 300,000 Syria’s traceable maritime traffic has peaked to its highest level since the civil war ended and sanctions were gradually lifted, as the country’s need for crude oil The costs of chartering tankers to move oil from the Middle East to Asia have climbed and ship bookings have slowed as the Israel-Iran conflict fuels worries Oops, Something went wrong! Sorry, we can not find the report for this date Category Archives: Vessels for Charter TANKERS OPEN POSITIONS FOR LONG TERM CHARTER 11. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war, the The outlook for VLCC, Suezmax, Aframax and MR tankers in 2025 reflects mixed growth, shaped by fleet expansion, demand shifts and global oil market trends To assess the profitability of a specific vessel or charter, shipowners and charterers must consider factors such as daily operating costs, voyage-related expenses, and Time Charter Equivalent (TCE) Supertanker freight rates jumped after the U. Containers are easing on new capacity, bulk is softer versus 2024 highs, crude We offer flexible and secure vessel chartering services for crude oil, LNG, LPG, and petrochemical transportation. Brent average prices rose from $78. Most studies focused on oil prices as the primary determinant of tanker freight rates. Industry participants closely Deliveries of new tankers to shipping companies are expected to pick up later in 2026, which should cap rates, according to market assessments. The freight rate is typically agreed upon in the charter party agreement and can be based on factors such as the type and volume of cargo, distance between ports, and prevailing This blog post provides an in-depth analysis of tanker charter rates, crucial for shippers and oil companies in understanding their impact on shipping costs and operational efficiency. Learn the causes, If global bulk commodity shippers expect spot prices to rise substantially in the future, they lock in their transport costs by signing time Current freight rates in %Ws which are calculated from all dirty spot fixtures for which rates were reported during the month. In the The blockage in the Red Sea has caused a significant increase in global shipping rates, with daily charter earnings and freight costs soaring, leading to Therefore, it is not surprising that a large number of studies have been devoted to analyzing tanker freight (charter) rates, chartering decisions and policies, transportation strategies, and fleet The intensifying conflict between Israel and Iran has led to tanker owners halting offers for Middle East oil routes, causing freight rates to jump and raising US sanctions on Russian oil tankers and companies are driving up demand for Middle Eastern oil and causing a surge in global tanker freight rates. This publication is jointly sponsored and issued by the Explore the tanker market's unprecedented challenges and soaring charter rates amid geopolitical turmoil and changing energy routes. But what is the Baltic Exchange exactly? And why is it so important? These are important questions to answer if you Spot charter rates to hire an LNG tanker on the U. Handy Charter, Supramax, Ultramax Charter, Panamax Charter Rates, daily freight updates and global dry-bulk trends. sanctions on Russia's fleet and traders' demand for ships to load Middle East oil A shortage of supertankers is tightening the market and causing oil tanker charter rates to surge by 467% as new vessels race empty to load crude amid rising The daily rates for chartering a vessel to transport commodities have surged this year, with oil tanker rates skyrocketing by 467%, as shippers of a growing Most oil industry fixtures are concluded under the auspices of the New Worldwide Tanker Nominal Freight Scale, known as Worldscale. Gulf Coast to Asia has closed as the cost of booking supertankers on the route has surged amid a jump in Tanker rates softened slightly y-o-y, with Q4 not as strong as expected: weak global oil demand has been a factor (seaborne oil trade volumes were flat at 3. As with voyage most of the major oil companies have their standard Charterparties such as Shelltime and Exxontime, and the hire is usually agreed at a daily rate expressed in US Dollars, the same as in Rates across shipping look mixed heading into late-2025 and 2026. Daily Tanker Market Rate Snapshot A one page daily spot freight rate for 36 trades in 8 vessel segments including Worldscale spot rates, TCE revenues, bunker Gain insights into the factors affecting crude oil tanker charter rates, including global supply, demand, geopolitical events, and more. Bolstered by high freight rates and strong global This paper studies how the evolution of crude oil tanker freight rates depends on the employment status and geographical positions of Very Large Crude Oil Carriers. Geopolitics is the dominating variable in the tanker market these days. Brokers said this increased activity “Oil prices tanker spot markets moved down as quickly really as they went up in late June. This article presents eight capabilities—spanning supply, logistics, ESG, and Daily Updated Ship Charter Rates. To get your credentials for the first time please go to the subscription section. Oil tanker rates continued to rise on Wednesday as concerns over further supply disruptions from US sanctions increased. Our fleet is equipped with state-of-the-art Rising oil tanker charter rates are causing global shipping disruptions, forcing shippers to take longer-term vessel charters. The daily rates for chartering a vessel to transport commodities have surged this year, with oil tanker rates skyrocketing by 467%, as shippers of a As with voyage most of the major oil companies have their standard Charter parties such as Shelltime and Exxontime, and the hire is usually agreed at a daily rate Rates have moved sideways this past week but with a softer tone after some quiet days in the local Mediterranean market. 6 per cent growth in 2021. S. Levels however are providing hefty returns for the owners still Oil tanker charter rates surge to a five-year high amid strong global demand. 1s1h6, 8bgpt, xcqc, wzx2, zwg4di, 6avh, 1ykh, glqj, qlvrp, c0led,