Atlantic aframax and suezmax spike highlights severity of Hormuz chaos
- Baltic index for east coast Mexico-US Gulf hit $373,763 per day on Thursday, 25 times 2025 low and almost five times 2025 high
- Carib-US Gulf aframax index peak at $325,451 per day on Friday; cross-Med aframax index reached $301,083 per day on Friday; suezmax Black Sea-Med index hit $344,198 per day on Thursday
- Atlantic aframax and suezmax rates are being driven up by higher crude demand from Asia and Europe, more Venezuelan cargoes to US, more VLCC lightering
With the Middle East war, there’s the comforting rhetoric from US politicians on one hand and tanker freight rates on the other. The stratospheric rates for aframax and suezmax tankers in the Atlantic basin paint a picture of a world scrambling for crude — an emergency in full swing
