Analysis
Record tanker freight rates signal strain in global oil markets
Global tanker freight rates have reached record levels amid escalating geopolitical tensions in the Persian Gulf. Supertankers on the Middle East-to-China route earn nearly $800,000 daily, while US Gulf-to-Asia charters command $29.5 million lump-sum fees. Kpler forecasts VLCC daily earnings will exceed $100,000 into next year, more than double historical levels, with two-year leasing rates potentially rising 20% to 30% according to Morgan Stanley analysis.
