Container and Tanker Rates Soar - Top Shipping News Stories

Oil Tanker Rates Top $1 Million a Day—3 Ways Investors Can Trade the Surge

As the Iran conflict pushes tanker rates past $1 million per day, investors weigh Okeanis Eco Tankers, International Seaways, and the Breakwave Tanker Shipping ETF as ways to trade the shipping surge.

Supertanker shortage sends oil shipping rates to records

Hiring an oil supertanker to transit the Strait of Hormuz topped $1 million a day this month, equal to about $26 a barrel

Container and tanker rates soar - top shipping news stories

US container rates near pandemic high, vver a million a day for a VLCC, Iran blacklist expands - the top stories on Seatrade Maritime News over the last seven days

Global Oil Tanker Crisis Pushes Shipping Costs Above $1 Million a Day

A shortage of large oil tankers has emerged as a major pressure point for global energy markets, with disruptions around the Strait of Hormuz pushing crude shipping costs to unprecedented levels. Very Large Crude Carrier (VLCC) charter rates on key Middle East-to-Asia routes have crossed $1 million per day. The Baltic Exchange’s Arabian Gulf-to-China VLCC […]

Shipping rates hit second successive record amid historic tanker rally

VLCC surge linked to Hormuz blockade sees ClarkSea Index reach uncharted waters for the second week in a row