Shipping

Daily Tanker Charter Rates Hold Steady with Gains on Key Routes

4 May 2026
3 sources

Latest daily tanker market rates as of 05.05.2026 show stability with modest increases for VLCC and Suezmax on major routes from the Gulf and West Africa.

Daily tanker charter rates reported on 05.05.2026 indicate steady levels with gains for VLCC on Persian Gulf-to-Asia routes and Suezmax in West Africa, averaging weekly highs amid consistent oil demand. The market reflects balanced tonnage without sharp volatility, supporting charter activity.

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