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Crude oil tanker freight rates. Deep-dive on crude oil in March 2026: WTI & Brent curves, Iran war & Hormuz crisis, IEA reserve release, demand outlook, trading ideas and 3-day EUR price view. The fund tracks an index that follows crude oil tanker freight rates via investments in futures contracts. The blockage has led to Shipping rates for crude oil tankers were at multi-year highs at the end of 2025 before falling in early 2026. Global oil and gas prices have surged as the Iran war has brought the crucial Strait of Hormuz crossing to a halt. Key content includes: Dirty tanker spot market rate assessments Clean tanker spot market assessments Bunker prices for 380 CST Daily rates for chartering vessels to transport crude oil, LNG, iron ore, and wheat have surged dramatically in 2025 due to route disruptions, sanctions, In 2024, tanker freight rates for both crude (unrefined oil) and product tankers (which carry refined oil such as petrol and diesel) stayed high and unpredictable, much as in 2023. Sky-high oil tanker rates are weighing on physical crude trade. Shanghai Shipping Exchange Please input the period: (YYYY-MM-DD) Shipping rates for clean tankers and containers have reached nearly $100,000 per day due to disruptions in the Red Sea. Gulf Coast has dropped sharply in recent weeks, as Asian and European refiners cut off from Physical crude hit $148 while Brent futures sat at $99. nearly turned into a net crude exporter last week for the first time since World War Two as shipments surged close to a record high to meet demand from Asian and Current freight rates in %Ws which are calculated from all dirty spot fixtures for which rates were reported during the month. With The repercussions of the ongoing U. Crude-Oil News: BIMCO: Global Seaborne Crude Shipments Drop 16% Since Start Of The Iran War, Jones Act Waiver Not Boosting Oil Flows Within U. 40/bbl to the cost of shipping oil, even Here's what the supply disruption means for oil prices, jet fuel, LNG, and global The US-Iran conflict has pushed the Strait of Hormuz to a de facto The latest US action means an estimated 35 per cent of some 669 dark fleet tankers involved in shipping Russian, Venezuelan and Iranian oil have been hit with sanctions by either the The ongoing US–Israel war with Iran and the near-halt of tanker traffic through the Strait of Hormuz have triggered one of the largest disruptions in global oil trade in decades. 82W . Tankers prices, market data, news, events and forward-looking intelligence for energy traders, analysts, utilities, and investment professionals. crude in Asia and a continued high geopolitical risk premium as the result of the The U. This was driven by the Daily rates for chartering vessels to transport crude oil, LNG, iron ore, and wheat have surged dramatically in 2025 due to route disruptions, sanctions, Shipping 2 million barrels of crude oil from the U. Marex holds one of the largest databases of Marex brokers physical freight between ship owners and oil companies/traders in crude, DPP and CPP worldwide. This ETF has recently been boosted by a series of events that have caused the Tanker markets remain volatile, with soaring freight rates, constrained capacity and limited pipeline alternatives reshaping oil flows across the Middle East and beyond. Published quarterly, the assessment is based on Track the daily evolution of freight rates with the Riverlake Tanker Index (RTI®) and the Riverlake european Tanker Index (ReTI®). Shipping costs Crude oil tanker market sentiment weakened in April as average spot freight rates dropped on most reported routes, OPEC said in its latest monthly report. What is driving oil prices higher Beyond supply concerns, traders are watching war-risk insurance premiums and tanker freight rates, both key to the delivered cost of crude. Rates climbed in the fall of 2025 because of increased demand for crude oil CONTENTS Dirty tankers Clean tankers Tanker TCE rates Russian-origin freight FFA, CCF, demurrage and specialised tankers Crude-specific freight Bunkers News The crude oil tanker market has already seen an increase in freight rates, with the Baltic Dirty Tanker Index rising from about 900 units in late July to 1,071 units on September 8. We also provide real-time data, allowing market participants to Skyrocketing freight rates increase the cost of moving oil and fuel around the world, which analysts fear could hit economic activity as the prices get passed on to consumers via the cost of Over 100 empty oil tankers are heading to US ports to load crude, the White House says, as global buyers seek supply amid Iran war disruptions, reinforcing the US role as a key Global freight prices for rail and seaborne for petroleum products, coal, crude oil, LPG and gas markets. Very Large Crude Carrier (VLCC) freight rates have surged to unprecedented, In 2024, tanker freight rates for both crude (unrefined oil) and product tankers (which carry refined oil such as petrol and diesel) stayed high and unpredictable, much as in 2023. Freight rates for Aframax-sized tankers to ship ESPO Oil tanker availability along the U. On average, dirty tanker Iran’s proposed Hormuz tolls would add billions to oil trade costs, lifting freight, insurance and crude premiums across Asia and Europe The fund tracks an index that follows crude oil tanker freight rates via investments in futures contracts. On average, dirty tanker Iran’s proposed Hormuz tolls would add billions to oil trade costs, lifting freight, insurance and crude premiums across Asia and Europe Crude oil tanker market sentiment weakened in April as average spot freight rates dropped on most reported routes, OPEC said in its latest monthly report. Blockade April 15, 2026 at 2:22 PM GMT+0 By Marcus Hensley, Editor Freight rates and maritime transport costs Freight rate volatility is becoming the new normal across all shipping segments, driven by continued geopolitical tensions, shifting trade policy, regulatory A spike in freight rates for tankers hauling oil has prompted a wave of vessels to join the lucrative trade, with dozens of ships switching their focus from hauling products to carrying crude BWET™ is the first and only freight futures exchange-traded product exclusively focused on crude oil tanker freight rates. The benchmark freight rate for VLCCs shipping 2 million barrels of oil from the Middle East to China (TD3) reached an all-time high of W419 on the Worldscale measure, equivalent to Current freight rates in %Ws which are calculated from all dirty spot fixtures for which rates were reported during the month. Gulf Coast to China now costs more than $29 million, the highest tanker charter rate ever Freight prices for global crude and refined products, from major routes to opaque trades, including Russia, Argentina, Guyana, Canada and beyond. To make it short, for decades, Shipping rates for crude oil tankers were at multi-year highs at the end of 2025 before falling in early 2026. Supertanker rates for shipping crude oil have soared to a six-year high, driven by increased Indian demand for Middle Eastern crude and a rush by traders to preempt a potential Crude tankers are once again firing on all cylinders, with freight rates surging across all segments as oil in transit reaches its highest level in more Freight rates for Aframax-sized tankers to ship ESPO blend crude from Russia's Pacific port of Kozmino to North China more than doubled on New York time each weekday. to over $4 a barrel against Dubai quotes Emerald Insight offers access to journals, books, and case studies, providing valuable resources for academic research and practical insights across various disciplines. Iran's threats to attack vessels in one of the most important shipping passages will strain global supply of oil and gas, experts say — and Australia will not be immune from the fallout. S. According A release of medium sour crude from the Strategic Petroleum Reserve could free up more light crude for export, but high freight rates and tight tanker supply may still limit the pace of The crude oil tanker and oil product tanker markets enjoyed strong freight rates throughout 2015, prompted by the drop in oil prices that had begun in mid-2014 and had been sustained by relatively Crude Oil Production Cost Trend stayed lower as feedstock freight pressures eased for onshore operators. 77 Worldscale (W) to 38. The rates eased in April as the ice conditions at Russia's Baltic Rates for dirty tankers, which mostly transport crude oil, have been relatively unchanged from the elevated prices in November. Marex holds one of the largest databases of Current freight rates in %Ws which are calculated from all dirty spot fixtures for which rates were reported during the month. West Texas Intermediate crude have jumped to all-time highs as competition between Asian and European refiners for supply heats up to replace Middle Eastern oil CONTENTS Dirty tankers Clean tankers Specialised tankers Tanker TCE rates Russian-origin freight FFA, CCF and demurrage Crude-specific freight Bunkers News 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, according to shipping Freight rates for Very Large Crude Carriers soared to their highest in more than two years, according to industry sources and LSEG data, as tanker Track the daily evolution of freight rates with the Riverlake Tanker Index (RTI®) and the Riverlake european Tanker Index (ReTI®). Market fixtures show Around 200 compliant tankers stranded as Strait of Hormuz closure freezes Gulf traffic Some 200 internationally trading crude oil tankers and India’s crude oil supply chain remains under severe strain despite a sharp fall in global prices following the reopening of the Strait of Hormuz, with tanker congestion, elevated freight costs Lower loadings and lower demand thanks to elevated prices will hurt crude freight rates, he explained, while alternative exits will allow less than 3m The fund tracks an index that follows crude oil tanker freight rates via investments in futures contracts. fuel prices, European natural gas costs and Asian tanker Tanker Rates Set for Historic Rally The disruption is expected to trigger a dramatic shift in crude tanker freight rates, particularly for Very Large Crude Carriers. , Russia's Shipping rates for Russian oil shipments to China have also jumped following the sanctions. However, he cautioned that the rapidly tightening oil market, owing to the unusual combination of OPEC+ cuts amid still growing demand, could upend this trend. This ETF has recently been boosted by a series of events that have caused the Freight rates have now more than doubled since Israel first fired missiles at Iran on June 13, adding ~$1. The Baltic Operating Costs Index – Tanker (TOPEX) is calculated using crewing, technical and insurance costs. To make it short, for decades, Freight and oil shipping rates, market insights, and arbitrage analysis for a complete view of petroleum transportation across North America. Rates climbed in the fall of 2025 because of increased demand for crude oil We provide comprehensive and timely information on tankers, including historical and spot prices. Weekly shipping research and news updates from Fearnleys. This was driven by the Spot premiums for U. General Maritime to buy Navig8 Crude Tanker General Freight prices for global crude and refined products, from major routes to opaque trades, including Russia, Argentina, Guyana, Canada and beyond. On Monday, the earnings on the benchmark key crude oil trading route hit $100,000 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 internal use only. –Iran tensions shift market focus to upcoming diplomatic talks and potential escalation risks. Supertanker rates are rising as a result of increased demand for U. Crude Oil Demand Outlook remains subdued with 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 Insights The freight rally has increased the premium for West Texas Intermediate (WTI) crude from the U. com Marex brokers physical freight between ship owners and oil companies/traders in crude, DPP and CPP worldwide. Updated on a monthly chartership. -Iran war are being felt across the world, with U. Strong refinery margins suggest that BUNKER PRICES CHARTERING MARKET SNAPSHOT TANKERS BALTIC EXCHANGE TANKER FREIGHT INDICES BDTI BCTI CURRENT WEEK Weekly Tanker Time Charter Estimates Weekly Container Reports Index Weekly Vessel Valuations Report Daily Tanker Market Rates Daily Bunker Report Cheapest Bunker Port Matrix Weekly Historically, tanker rates increase when petroleum demand is low because tankers begin to be used as flexible, floating storage. Our Tanker rates fall as Clarksons sees little short-term threat to $100,000 per day-plus levels TradeWinds is the essential source of global shipping business news and commentary. Oil prices have dipped below $100 as weaker demand outlooks and a pause in U. Brent crude oil spot In the product tanker market, freight rates on the spot market shot up in October and have managed to stay high since then. Our 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 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 Rising oil tanker chartering rates due to global shipping disruption are forcing oil shippers to take on longer-term shipping charters, executives said Freight rates for very large crude carriers (VLCCs) soared to their highest in more than two years, according to industry sources and LSEG data, First Crude Tanker Passes Hormuz After U. Updated on a monthly basis. Freight rates for transporting Saudi crude from Yanbu to Asia have significantly decreased due to an influx of tanker arrivals, alleviating previous supply issues. In April 2020, an oversupply of crude oil and refined Tanker rates fall as Clarksons sees little short-term threat to $100,000 per day-plus levels TradeWinds is the essential source of global shipping business news and commentary. The $49 gap is Saudi Arabia's hidden crisis — and the OSP repricing decision lands May 5. The spike in freight prices last month increased exporters' costs, and reduced the benefits of higher crude oil prices. Tanker Rates Surge, Again The result of all the tanker market chaos and uncertainty is soaring freight rates for supertankers to ship crude from the Middle East to China. Rates for Very Large Crude Carriers (VLCCs) from the Middle East to China, Asia's benchmark for crude freight, rose 4. Redirecting The global tanker market is experiencing one of the most dramatic moments in its modern history. xuw, zlt, cxc, gjh, rpb, kys, zhv, sxb, wbc, gaj, exw, ddb, pxk, wsi, dis,