VLCC Day Rates Hit Record $423,736 Amid Gulf Crisis

Supertanker rates surge 94% as crude shippers book smaller vessels; Asian buyers seek non-Gulf supply alternatives.

Supertanker Rates Reach Historic Record Amid Supply Crisis

The benchmark day rate for Very Large Crude Carriers (VLCCs) on the Middle East-to-China route has reached an unprecedented $423,736 per day, surpassing all previously recorded tanker rate levels since the inception of modern rate tracking systems. The rate represents a 94% increase from Friday's…