Projected Tanker Time Charter Rate Assessments Charles R. dollars/day and is generally calculated by subtracting voyage expenses, … What factors currently drive fluctuations in oil tanker charter rates? Global crude oil supply-demand imbalances remain the dominant force shaping tanker rates. Four types of chartering contracts: Spot Voyage Contract of Affreightment Time-Charter Bareboat Charter Commodities: Crude Oil Clean and Dirty Petroleum … 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 … The tanker market in 2025 is expected to face a variety of challenges, from softer oil demand in key regions like China to a growing fleet size across all sectors. Specialists in crude oil as well as clean and dirty … Explore the latest news on the tanker sector, crude, product and chemical tankers, LNG and LPG carriers, freight rates and fleet developments, brought to you by the editors of Seatrade Maritime News “Oil prices tanker spot markets moved down as quickly really as they went up in late June. A time charter made some years ago will still be reflected in the result, provided the vessel is actually trading under it during the calculation data period. Detours due to European sanctions on Russian exporters, … The tanker sector was unexpectedly weak in the fourth quarter of 2024 and faces a growing supply of tonnage and slower demand growth this year. Explore … Spot rates for very large crude carriers (VLCCs) — tankers that carry 2 million barrels of oil — just breached the $100,000-per-day threshold. hellenic shipping news worldwide hellenic shipping news worldwide, online daily … News & Insights Weekly dry time charter estimates Weekly Tanker Time Charter Estimates Market Insights & Analysis Weekly Container Reports Index Weekly Vessel Valuations Report Daily Tanker … Tanker freight rates continued their upward trend in 2023. Charter rates are a vital indicator of health in the global shipping market. Containers are easing on new capacity, bulk is softer versus 2024 highs, crude tankers are holding up better than … Around 13% of the global crude tanker fleet could be affected, with VLCC rates on the Middle East–China route surging and a two-tier market emerging between China-compliant and non-compliant The tanker market has been experiencing a surge in day rates, driven by increasing global demand for crude oil transportation, particularly from the U. The situation underscores the complex dynamics … Oil tanker rates are expected to remain elevated into 2026 as aging fleets and Western sanctions reduce ship availability, driving up shipping costs for crude oil. Tanker shipping is a highly cyclical business with freight rates driven by numerous factors. We deliver a global shipping service whilst maintaining personal relationships at a local level, providing hands-on expertise and guidance. TANKER CHARTERING Transtanko Shipping FZE has a fully independent Chartering Desk, which is mostly active in the tanker market specializing in the transportation of bulk liquid products such as petro-chemical products, refined petroleum products CPP and DPP, … Rates across shipping look mixed heading into late-2025 and 2026. Oil tanker rates continued to rise on Wednesday as concerns over further supply disruptions from US sanctions increased. This phenomenon of “passively extended voyages” is becoming a key support for current … IMO II CHEM TANKER- (2012 CHINA) 19,908 DWT – OPEN CHINA NOV 2025 28. Historically, there has been a visible degree of seasonality in the tanker market as freight … The US seized a sanctioned oil tanker off the coast of Venezuela on Wednesday, marking a further escalation in tensions between the two countries with a range of implications on oil trade flows and … Freight rates for crude and products will see rapid gains in 2023 and 2024 — similar to 2008, when rates often exceeded $100,000/d — with demand growth outpacing tanker supply, … FREIGHT - TANKER CLEAN $/mT RATES Because you are not logged, data on display are delayed by 60 days. Tanker freight rates are expected to pick up in October-December and into next year's first quarter on recovering demand for dirty tankers, delegates said at the S&P Global Commodity … News & Insights Weekly dry time charter estimates Weekly Tanker Time Charter Estimates Market Insights & Analysis Weekly Container Reports Index Weekly Vessel Valuations Report Daily Tanker … 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 concerns about disruptions to global Tanker Chartering Absolute offers high-class chartering service for worldwide transportation of liquid commodities by sea on different types of tanker vessels. The latest edition of this contract is INTERTANKTIME 80. 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 commodity supply are grappling The South Atlantic and US Gulf carried a weaker undertone, while Asia held largely steady though a longer tonnage list applied mild pressure. Below, we break down the major profit factors that can help maximize earnings in the … Splash Extra provides useful analysis comparing today’s tanker rates to the averages of the past 10 years. s. Investigating differences in oil demand-tanker rates relationships across routes further allowed us to discuss the effects of different routes and supplier locations. Weber Company Greenwich Office Park Three - Greenwich, CT 06831 - USA P: +1 203 629-2300 F: +1 203 629-9103 … Daily tanker brokerage report with tanker projects, prices, vessel sale & purchase and spot market rate assessments. The tanker company disclosed five recent fixtures to major oil companies with time charter equivalent (TCE) rates ranging from $37,000 to $95,000 per day for voyages lasting between … 1500 USD Weekly 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 prices, time charter and asset market rates Learn More . Additionally, ongoing tariff discussions around Canadian oil have create a lookup environment for alternative crude supplies. 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. For example, Kavussanos (1996) found a negative correlation between tanker spot prices and the oil … Rising oil tanker charter rates are causing global shipping disruptions, forcing shippers to take longer-term vessel charters. These are likely to increase further, and experience more fluctuations due to factors including geopolitical tensions and concerns surrounding … These developments have heavily impacted the tanker market, with Russian sanctions on ships and Iranian oil restrictions pushing tanker rates higher. However, they remain 40-80% ahead of the past ten years’ … Surging tanker rates close the door on US crude oil shipments to Asia By Muyu Xu and Arathy Somasekhar January 10, 20245:04 PM PSTUpdated January 10, 2024 Air Freight The Baltic Air freight Indices (BAI) reflect the weekly transactional rates for general cargo. To get your credentials for the first time please go to the subscription section. October 2025 Commercial ships, Vessels for Charter chem. It could be a taste of things to come. When time-charter rates rise and the duration of contracts increases, it tells you that cargo shippers are worried that spot rates will increase … Thank you for your interest. Please complete the form below and a member of the team will be in touch to discuss upgrading to a paid subscription. This rise pushed rates to their highest level in over five years. Average VLCC rates are now 91% higher than suezmax rates and 81% higher than aframax rates. Profits in tanker chartering are influenced by market conditions, operational efficiency, and the ability to mitigate risks. The cost of shipping oil is likely to remain high in the first half of 2026 as the global fleet ages and a rising number of vessels are hit with Western sanctions, shipping sources say, though Virtually all commodity prices are sensitive to conflicts, but oil prices and tanker freight rates are unquestionably more sensitive. Higher freight rates and charter rates are benefiting oil tanker shipping companies, allowing them to achieve positive business performance. Join a community of over 20,000 subscribers to receive daily market briefings, expert analysis powered by unrivalled data, special reports, weekly podcasts, webinars, events, … Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U. The VLCC freight market slipped to an average of $29,800 a day for the first … 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. Most studies focused on oil prices as the primary determinant of tanker freight rates. In the second quarter of 2024,Pacific … INTERTANKTIME 80 is a standard tanker time charter party. 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. General global oil demand continues a mild growth trajectory of 1% year-on-year, with the mix of refined products – shipped in product tankers – gradually changing, with less gasoline, … The cost of shipping oil is likely to remain high in the first half of 2026 as the global fleet ages and a rising number of vessels are hit with Western sanctions, shipping sources say, though rates could be … Geopolitics is the dominating variable in the tanker market these days. In all likelihood, 2002-2008 boom period, is the first time in … Clarksons Platou This report (including any future rates and/or forward-looking statements contained herein) are prepared by Clarksons Platou AS for general information purposes and for therecipient’s … Charter a ship Flexible, reliable and spread across nine crude and product segments, we consistently meet the diverse needs of our customers Get ahead with data-backed insights into oil, gas, LNG, and freight markets, updated with each major market shift. Tanker Newsletter A weekly report focussing on the tanker market. The development marks a notable … The cost of hiring an oil supertanker on a benchmark route spiked to the highest in more than five years as buyers sought alternatives to sanctioned Russian crude. Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider US sanctions on Russia's fleet and traders' demand for ships to load Middle East … Oil tanker rates to stay strong into 2026 as sanctions remove ships for hire December 15, 2025 oil tanker rates, OPEC, sanctions, shadow fleet, shipping oil This year, daily charter rates for oil tankers have surged by 467%, reflecting the challenges faced by shippers amid these geopolitical tensions. 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 an energy conference in Houston. The situation underscores the complex dynamics … Current freight rates in %Ws which are calculated from all dirty spot fixtures for which rates were reported during the month. The cost of shipping Middle East crude to customers in Asia collapsed on Thursday, the latest sign of oil markets returning to normal after conflict eased in the world’s top petroleum … The HARPEX (Harper Petersen Charter Rates Index) is published by Harper Petersen and reflects the worldwide price development on the charter market for container ships. Every day, we facilitate the safe loading, transit, and discharge of millions of tonnes of crude oil, underpinning our commitment to operational … Even without explosive growth in global crude oil demand, the tanker market has tightened rapidly. Rates across both basins generally hovered around last … Oil tanker rates to stay strong into 2026 as sanctions remove ships for hire December 15, 2025 oil tanker rates, OPEC, sanctions, shadow fleet, shipping oil The cost of chartering an oil supertanker on a key benchmark route recently surged. 05 Apr 2024: Currently, tanker asset prices are red-hot, with second-hand values and newbuilding prices at their highest levels in the last 15 years amid strong market fundamentals. to Asia. Updated on a monthly basis. the cost of chartering a very large crude carrier (vlcc) capable of loading 2 million barrels of oil from the u. ” By early July rate levels were back to where they had been at the start of June. AFRA Results represent a weighted average of all chartered tonnage actually operating during the calculation period, irrespective of the fixture date. tanker for charter, Chemical Tanker, Tanker IMO II 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 … Leading shipbroker in all deep sea tanker chartering and broking services From 20,000 dwt ships to tankers over 300,000 dwt, our team of experienced tanker brokers offer unmatched deep sea tanker chartering. Below, we break down the major profit factors that can help maximize earnings in the … Profits in tanker chartering are influenced by market conditions, operational efficiency, and the ability to mitigate risks. Get ahead with data-backed insights into oil, gas, LNG, and freight markets, updated with each major market shift. The TCE rate achieved on a given voyage is expressed in U. Benchmark rates … This year, daily charter rates for oil tankers have surged by 467%, reflecting the challenges faced by shippers amid these geopolitical tensions. Global freight rates, the latest tanker fixtures,. In 2024, day rates for … Our Chemical and Special team is serving the specialised tanker industry globally and has an overview of the entire global fleet of chemical and other special tankers in our size segments … Back to all Time charter equivalent (TCE) rates Time charter equivalent, or TCE, rates, are a standard industry measure of the average daily revenue performance of a vessel. The development marks a notable … Worldwide tanker chartering Chartering and Logistics using owned and third party vessels Shipping & Chartering Our operations team coordinate a young fleet of SIRE approved and Oil Majors’ recognized vessels, that guarantee charterers pride in selecting OMTI’s services. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war, the crude oil tanker spot freight … Tanker demand keeps up and diversifies We're expecting to see another solid year for the tanker shipping segment. Understanding the factors that drive profits is key to making the most out of your tanker charter. As of Thursday, the Baltic Exchange suezmax index was at $25,110 per day and the aframax index was at $26,410 per day. The cost of chartering an oil supertanker on a key benchmark route recently surged. Facilitating trade is at the very heart of our business, and since 1905, we've … MSI has raised its one-year time charter rates for tankers by a sharp 20%-30% to reflect the current market. Tanker Dirty/Clean TIME CHARTER, HANDY, MR IMO3, LR1, LR2, Aframax, Panamax, Suezmax, VLCC, in $/day. S. As of late August 2025, the market shows mixed signals across tanker and bulk carrier segments, influenced by geopolitical shifts, seasonal demand, and fleet dynamics. . The fact that tanker freight is still more-than healthy, if not exactly … Ranging from two million barrels to just a few thousand tonnes, our tanker broking team ensures the seamless chartering and transportation of vital commodities. This 183-page report provides… Worldscale's definitive guide to tanker freight rates is now faster and more convenient to access with the addition of mobile/cell phone soft licences. Weekly Tanker Time Charter Estimates, November 05 2025 05/11/2025 Comments Off on Weekly Tanker Time Charter Estimates, November 05 2025 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 … Supertanker freight rates jumped after the U. sanctions on Russia's fleet and traders' demand for ships to load Middle East … Charter rates are a vital indicator of health in the global shipping market. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India Specialists in the full range of vessel chartering contracts, from shuttle tanker time charters and bareboat charters to spot fixtures and COA contracts – we support our clients at every stage. While high freight rates and tight tonnage availability have underpinned second-hand values, the tight availability of shipyard facilities has … Midsize rates flat, VLCCs mixed Chartering activity in the Americas crude tanker market picked up on Wednesday, with steady under-the-radar fixing holding Aframax and Suezmax rates … Daily rates for chartering vessels to transport crude oil, LNG, iron ore, and wheat have surged dramatically in 2025 due to route disruptions, sanctions, and tight supply, with oil tanker rates Oil Tanker Charter Rates. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war, the crude oil tanker spot freight rates, and time charter (TC) rates have soared. The data includes a headline index - the BAI Index – a weighted average of the 17 underlying …. Includes tanker market commentary, freight rates, topic of the week, news flow, fleet statistics, time charter fixture information, sales and … Activity in the tanker market is quick but we react rapidly to your needs, get the details right, negotiate the best deals, and keep you informed. The breakdown … McQuilling Services announced the release of its 28th anniversary edition, 2025-2029 Tanker Market Outlook. In the fourth part of our shipping market outlook 25 Week 36: Charter Rates and Resales September 8, 2025 The containership charter market shows no signs of cooling down despite the weakness in the freight market, as charter rates … 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, according to Clarksons. Instant access to approximately 350,000 voyages Geopolitics is the dominating variable in the tanker market these days. Because you are not logged, data on display are delayed by … Tanker rates and shares split: VLCC banks $140,000 per day as equities slide Tankers If global bulk commodity shippers expect spot prices to rise substantially in the future, they lock in their transport costs by signing time charters.