Lloyd's List is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

Menu

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction
Tags:
Tankers and Gas Geopolitics Political Risk and Trade

VLCC spot rates reapproach 2025 lows amid summer doldrums

  • Baltic Exchange’s VLCC index is down to $26,984 per day vs year-to-date low of $23,995 per day in early January
  • Market power has shifted squarely to the charterers, who are playing the ‘waiting game’ as position lists remain long
  • Optimism remains for 2H25, when Opec+ production gains are expected to increase VLCC demand; barriers to Russian exports could also support VLCC rates

  • Analysis

Barring some unexpected event, tanker trades look like they’re in for a typically sluggish summer. Upside from Middle East unrest is long gone, and Opec+ production gains are not expected to buoy tanker demand until the autumn

Table

View full table

Related Content

Topics

  • Related Companies
    • Tags:
    Tankers and Gas Geopolitics Political Risk and Trade
    UsernamePublicRestriction

    Register

    LL1154353

    Ask The Analyst

    Please Note: You can also Click below Link for Ask the Analyst
    Ask The Analyst

    Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

    All fields are required.

    Please make sure all fields are completed.

    Please make sure you have filled out all fields

    Please make sure you have filled out all fields

    Please enter a valid e-mail address

    Please enter a valid Phone Number

    Ask your question to our analysts

    Cancel

    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

    Printed By