Very Large Crude Carriers Command Record $423,736 Per Day as Tanker Market Explodes
VLCC rates hit record $423,736 per day, up 94% in 3 days. Gulf-China voyage costs surge 560% since January 2026.
Baltic Exchange Index Shatters Records
The Baltic Exchange TD3C MEG-China index, tracking the cost of chartering Very Large Crude Carriers from the Middle East to Chinese ports, hit an unprecedented $423,736 per day on Monday, March 3, 2026. This historic rate represents a 94 percent surge from Friday's closing price of $218,000, establishing a new all-t…
