Hormuz disruption increases tanker inefficiency

Lower traffic through the Strait of Hormuz is reducing fleet efficiency, while crude flows continue through alternative arrangements. Hormuz traffic remains heavily disrupted Tracked vessel transits through the Strait of Hormuz fell to seven on 9 September, around half the recent 10-day average and significantly below pre-conflict levels. The lower traffic reflects continued security risks […]

VLCC tightness supports Suezmax and Aframax earnings

Limited VLCC availability is shifting demand towards midsize crude tankers, supporting both spot and period rates. VLCC tightness supports midsize tankers VLCC earnings on the Middle East to China route reached around $1.3 million per day last week. Longer voyages and delays related to ship-to-ship transfers are keeping VLCCs occupied for longer, tightening available tonnage. […]

Middle East disruption supports tanker earnings and period rates

Lower fleet efficiency and longer voyages continue to support freight rates across energy shipping. Tankers: Suezmax earnings reach record levels as period rates strengthen Crude tanker earnings rose sharply last week, with Suezmax earnings reaching more than $340,000/day, according to Clarksons. Lower fleet efficiency remains the main driver, as longer voyages and ship-to-ship transfers keep […]