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Tankers and Gas Strait of Hormuz crisis Freight rates

Atlantic aframax and US Gulf MR rates bounce off the bottom after correction

  • VLCC and suezmax rates remain extremely strong, at $85,000-$96,000 per day
  • Rates for Atlantic basin aframaxes and MR product tankers recently suffered a severe correction; rates in some lanes rebounded over the past week
  • Med-Asia LR2 index and Europe-US east coast MR index continue to slide; Europe-US east coast MR index is at lowest point since November 2024

  • Analysis

VLCC and suezmax rates are holding relatively firm at very high levels, and MR and aframax rates in some trades posted a strong recovery over the past week after a steep decline in late April and May

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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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