Supertanker Rates Hit Six-Year High: Here's What Driving It

Global very large crude carrier (VLCC) rates have jumped to six-year highs due to two recent catalysts: first, a growing war-risk premium tied to the possibility of a US-Iran conflict, and second, ongoing consolidation in fleet ownership that is tightening vessel availability.

Opens the original publisher in a new tab. Full articles belong to their publishers; a subscription may be required.