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Tankers and Gas VLCC Freight rates

Crude tankers on track for best quarter in at least a half-decade

  • Baltic Exchange’s global VLCC index is up 10% over past two days; Middle East Gulf-China has rebounded by 17%
  • Suezmax and aframax spot rates are also near multi-year highs
  • According to Vortexa, US sanctions on Russia ‘will support dirty freight for the remainder of the fourth quarter’

  • Analysis

It’s safe to say that the fourth quarter of 2025 will be the best reporting period for crude tanker owners since the 2020 floating storage boom. US sanctions on Russian barrels are playing a major role in the rally

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    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

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