Shipping

VLCC tanker rates stabilize post-Persian Gulf peak

4 April 2026
6 sources

VLCC tanker rates for MEG-Asia routes hold at around $45,000 per day, adjusting slightly after a recent surge tied to regional tensions.

VLCC rates from Middle East Gulf to Asia stand at approximately $45,000 per day, with a 1% daily dip per Baltic Exchange data. This is corroborated by Clarksons reports and Seatrade Maritime. Lloyd's List confirms the stabilization following a weekly rise.

Share this article

Related news

Shipping
23 Oct

Crude tanker rates enter correction after Hormuz-driven “super spike”

Crude tanker freight rates are retreating after reaching a peak in early October, but geopolitical risk, longer voyages and constrained vessel availability continue to support a volatile market.

2 sources
Shipping
22 Oct

Drewry container rates rise 2% as strong US imports support trans-Pacific trade

Drewry’s World Container Index increased 2% to $4,585 per FEU, with US import demand and carrier capacity management pushing major route rates higher.

3 sources
Shipping
22 Oct

HD Hyundai and Kiewit plan new shipyard on the U.S. Gulf Coast

HD Hyundai and Kiewit Maritime are forming HD Kiewit Shipbuilding to develop a new U.S. shipyard. Construction is targeted for 2027, with full-scale operations planned for 2029.

5 sources