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Started By
Message
Oil tanker rates set record high
Posted on 9/10/26 at 6:17 am
Posted on 9/10/26 at 6:17 am
quote:Oilprice.com
Oil tanker rates have jumped to record highs as escalating risks to shipping in and out of the Middle East are prompting traders and tanker operators to undertake inefficient and more expensive trade routes.
While the crude oil supply is actually there, shipping it through the Strait of Hormuz remains a very risky endeavor, especially in light of the escalating U.S.-Iran tanker war in the Persian Gulf and the Gulf of Oman, while Saudi Arabia has started to move crude cargoes out of the region through the north of the Red Sea and from Egypt’s Mediterranean ports.
The much longer workarounds are tying tankers and supertankers for longer with the shippers, tightening the market of available vessels so much that rates are skyrocketing to all-time highs.
For example, the benchmark daily rate for a very large crude carrier (VLCC) to ship oil from the Middle East to China has hit a record high of almost $800,000, per data compiled by Bloomberg.
The price of chartering a supertanker to ship crude from the U.S. Gulf Coast to Asia has now hit a lump-sum fee of $29.5 million per run, and that’s not even factoring in fees for additional war risks or unexpected delays.
“The VLCC positions list is now so tight that no one would be too surprised if we see the WS 400 mark breached for a Fujairah/East run off a prompt-ish position before long, crazy as it may sound,” shipbroker Fearnleys said in its latest weekly report for the week ended September 9.
“The oil still needs to get out through the Strait of Hormuz, and Iranians have increased efforts to stop that from happening. It’s a fragile state of affairs,” the shipbroker added.
“There’s quite a few bottlenecks all at the same time,” Alex Grant, Equinor’s global head of crude, products and liquids trading, told Bloomberg on the sidelines of the APPEC petroleum conference in Singapore.
“The market is quite stressed with all of that, and that’s showing up in the shipping rates.”
By Tsvetana Paraskova for Oilprice.com
Pretty clear that neither the U.S. nor Iran have control of the SOH
Posted on 9/10/26 at 6:21 am to bigjoe1
So has diesel. And labor day gas prices
Posted on 9/10/26 at 6:21 am to bigjoe1
quote:
Pretty clear that neither the U.S. nor Iran have control of the SOH
Shut up... I just did my patriotic duty after the gym and paid 3.69 a gallon for gas
Quit complaining and pay Trump's tax on the American people
Posted on 9/10/26 at 6:41 am to bigjoe1
Panic. 
Posted on 9/10/26 at 6:41 am to bigjoe1
So China having to pay high shipping rates is bad how?
Posted on 9/10/26 at 6:55 am to TuDog
I burn diesel for my career and I can say it’s becoming quite uncomfortable as input costs have increased SUBSTANTIALLY. Basically double. Try to look past the end of your nose and what it costs to fill up your Prius once a week. It’s getting crazy and people who rely on the price of diesel being fair have reason to start to panic. Not to mention what it’s going to do to inflation. It looks like there is no end it sight either.
Posted on 9/10/26 at 6:56 am to Lsut81
You’re a true patriot. This is how we protect are freedoms.
Posted on 9/10/26 at 6:56 am to Lsut81
quote:
paid 3.69 a gallon for gas
1800 days since 9/11. Thats how many days gas has been over $3.50 since september 2001.
Pathetic fricking losers that cant budget for gas are the worst. Did you ever sing Trumps praises when gas was $1.77 In april of 2020?
Of course not.
Bitch.
Posted on 9/10/26 at 6:58 am to bigjoe1
quote:
Pretty clear that neither the U.S. nor Iran have control of the SOH
Posted on 9/10/26 at 6:59 am to Gusoline
quote:
Pathetic fricking losers that cant budget for gas are the worst. Did you ever sing Trumps praises when gas was $1.77 In april of 2020?
Yup, many times.. I've even praised him for having it down to 2.15 a gallon back in February before his Iran bullshite
BITCH
Posted on 9/10/26 at 7:01 am to Gusoline
Agreed. I created a “freedom” budget when the Iran incursion (not a war!) began to protect myself from inflation.
Posted on 9/10/26 at 7:03 am to NIH
quote:
Agreed. I created a “freedom” budget when the Iran incursion (not a war!) began to protect myself from inflation.
Morons like him are hilarious. I'd bet 90% of the people on this board can easily afford elevated gas prices, but why the frick would you be happy about throwing away money, especialluy when Trump showed where gas can be just 7 months ago.
This post was edited on 9/10/26 at 7:04 am
Posted on 9/10/26 at 7:05 am to Lsut81
You dont have to be happy about it but to whine and cry every single day like a Karen ia just stale and pathetic
Posted on 9/10/26 at 7:05 am to Gusoline
You can have that attitude as to gasoline and that's fine, but farmers are going to struggle with diesel and fertilizer prices. And don't forget that nearly everything you buy at the store got there because of diesel.
Posted on 9/10/26 at 7:07 am to SDVTiger
quote:
ou dont have to be happy about it but to whine and cry every single day like a Karen ia just stale and pathetic
Don't think we've had a gas thread in a few weeks
But I'd rather be critical and complain rather than celebrate and make excuses for failed policies
Posted on 9/10/26 at 7:23 am to bigjoe1
Posted on 9/10/26 at 7:23 am to Lsut81
quote:
Don't think we've had a gas thread in a few weeks
We have one daily. You dont need to lie about this
You arent being critical at this point. You are crying like a Karen
Its boring
Posted on 9/10/26 at 7:33 am to Green Chili Tiger
quote:
So has diesel. And labor day gas prices
How is this possible? SDVCuck told us The Strait is wide open and we control it.
Posted on 9/10/26 at 7:38 am to bigjoe1
If Trump would stop being such a pussy and take the strait of Hormuz this wouldn’t be a problem.
Posted on 9/10/26 at 7:51 am to SDVTiger
quote:
We have one daily. You dont need to lie about this
You arent being critical at this point. You are crying like a Karen
Its boring
Yeah. I'd even support Chicken creating a sticky (at the bottom of the page page please) of current gas and oil prices. That way they can update the subject with the current price, how much it has gone up, all with text emojis of a frown.
Inside the thread, Karens & panicans can keep talking about the impact these oil prices are making in the world.
Then, someone like me could simply ignore the noise.
But ... that's not what they want, is it.
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