Supertanker Rally Lures Investors as War Squeezes Vessel Supply
Xclusiv Shipbrokers said 10-year-old VLCCs climbed to $152 million as the Baltic VLCC TC Average reached $722,946 per day.
- Charter rates for VLCCs have surged to approximately $722,946 per day by Sept. 18, compared with just $79,700 in mid-Sept 2025, according to The Baltic VLCC index.
- Geopolitical tensions surrounding Iran and the Strait of Hormuz have reduced effective vessel availability, forcing route diversions and longer voyages that increase tonne-mile demand for crude transport.
- Xclusiv Shipbrokers reported that secondhand VLCC prices have climbed sharply, with 15-year-old vessels surging from $83.5 million to $135 million in roughly two months.
- Market Activity remains robust with 103 VLCC sales recorded this year through Sept. 14, as the Average age of vessels reached approximately 18 years in Sept, up from 13.6 years previously.
- Rising transport costs are feeding into broader inflationary pressures internationally and in Greece, with implications for energy-intensive industries as freight rates show an 807.1% increase over 12 months.
36 Articles
36 Articles
Oil supertanker rates surge 807 per cent as Hormuz disruption tightens supply
Freight rates for very large crude carriers (VLCCs) surged by more than 800 per cent over the past year, with the sharp rise now feeding directly into second-hand vessel values, according to an analysis by Xclusiv Shipbrokers. The acceleration has been particularly pronounced since late July, with geopolitical disruption surrounding Iran and the Strait of […]
VLCC Freight Rates Surge More Than 800% Amid Hormuz Tensions, Used Tanker Values Rise Up to 62%
ATHENS - The market for very large crude carriers (VLCCs) has entered one of its strongest periods of price appreciation in recent years, as the explosive rise in freight rates is now feeding directly into the value of secondhand vessels. According to an analysis by Xclusiv Shipbrokers, the acceleration has been particularly pronounced since late July, with geopolitical tensions surrounding Iran and the Strait of Hormuz, reduced effective vesse…
The global market for oil tankers is experiencing a historic and unprecedented phenomenon. Due to astronomically high freight prices, the value of older supertankers has risen so sharply that, for the first time, they fetch more than brand-new vessels. In an overheated market, everything revolves around one thing: how fast can a ship take to the sea?
The VLCC market has seen one of the strongest appreciations in recent years, as the explosive rise in freight rates is now being passed directly onto the prices of used ships. According to an analysis by Xclusiv Shipbrokers, the acceleration has been particularly strong since the end of July, with geopolitical turmoil around Iran and the Strait of Hormuz, reduced actual ship availability and high revenues creating a particularly strong environme…
The cost of used supertankers has surpassed the price of new ones for the first time
According to the Financial Times, this shift is driven by record-high freight rates in the Middle East, with the daily charter rate for oil tankers capable of carrying at least 2 million barrels reaching $1.2 million. Fueled by this surge in demand...
The prices of used oil tankers jumped to higher levels than the new ones for the first time, with freight from the Middle East to Asia reaching $1.2 million a day and buyers raced on ready-made ships.
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