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SUPERTANKER FREIGHT COST
US-China supertanker freight cost eases from record, data showsFreight rates for shipping US crude oil to China have recently eased after reaching record levels. The rate dropped to $634,974 per day, a ...- Oil tanker captains are being offered over $100,000, plus bonuses, to cross HormuzOil tanker captains are currently receiving extraordinarily high salaries due to increased risks while transiting through the Strait of Hor...
- Global Market: VLCC rates hit record as Saudi crude flows jumpSaudi Arabia’s increased crude shipments through the Strait of Hormuz have pushed ship-to-ship transfer operations in the Gulf of Oman to c...
- World running short of supertankers threatens long-haul oil flowA shortage of supertankers, driven by the US-Iran conflict and a South Korean tycoon's big shipping bet, has pushed freight costs to record...
- Oil tanker rates hit record highs following Iran, US shipping attacksOil shipping rates from the Gulf of Oman to China have reached record highs this week. This surge follows recent attacks on shipping and mi...
- Saudi oil can still get out — but it won’t be cheap or easySaudi Arabia faces a challenge rerouting oil exports due to Houthi attacks. An existing pipeline bypasses the Strait of Hormuz, but a new d...
- $20 million: The cost of shipping oil through Strait of Hormuz, TotalEnergies CEO saysShipping oil cargoes via the Strait of Hormuz costs approximately twenty million dollars. This significant freight expense creates wide mar...
- India has built energy resilience to withstand external shocks, says PuriIndia has enhanced its energy security by diversifying crude oil supplies. Strategic infrastructure expansion and domestic exploration inve...
- Reliance Industries books supertanker at record $23-25 million freight to lift Iraqi crudeReliance Industries paid a record sum to charter a supertanker for Iraqi crude oil. This reflects a limited vessel pool and soaring voyage ...
- India-bound oil supertanker booked in Gulf at 897% of benchmark freight rateA supertanker has been provisionally booked to ship oil from the Persian Gulf to India at a staggering rate, nearly nine times the benchmar...
- Global oil supply chains face historic stress: Crude prices and tanker rates now at all-time highs — here’s the key reason behind the oil price surgeGlobal oil supply chains face historic stress: Shipping 2 million barrels of crude oil now costs $29 million from the U.S. Gulf Coast to As...
- World’s biggest oil tankers just got a lot more expensive as buyers shift away from Russian crudeGlobal oil tanker rates have surged to five-year highs, driven by new US sanctions on Russian oil and increased supply from the Middle East...
- India seeks ships for Mideast oil as sanctions deadline loomsIndia’s refiners are booking more Middle East tankers as they prepare for reduced Russian supplies ahead of fresh US sanctions on Rosneft a...
- Major oil trading firms stow diesel, jet fuel on supertankers as demand rebound eyedTrafigura, Glencore and Vitol are holding about 1.5 million tonnes of the industrial and aviation fuel on at least seven Very Large Crude C...
- Suez Canal crisis: Expect freight rates to spike further, caution industry expertsAfter being hammered by a container shortage, skyrocketing shipping costs is the latest headache for Indian exports.
- Ships turn toward Africa on concerns Suez blockage to last weeksTwo liquefied natural gas tankers loaded in the U.S. and bound for Asian markets appear to have changed course in the mid-Atlantic and are ...
- It’s time to wave goodbye to bonanza oil tradeThe financial incentive to store, known in trader jargon as contango, has all but vanished.
- Brent hits 18-year low, US crude dips below $20/bblBrent futures fell $2.43, or 9.8%, to $22.50 a barrel by 10:40 a.m. EDT (1440 GMT).
- Guess who's China's new best friend in oil market?US crude exports to China leapfrogged sales from OPEC countries such as Libya and neighbors.
- Shippers face higher insurance as pirates run amokShipping your oil across the Gulf of Aden? Don't forget your piracy insurance.
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