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Home›Commodities›Energy›Supertanker charter prices soar as Persian Gulf war ti…

Supertanker charter prices soar as Persian Gulf war tightens supply

A supertanker has reportedly been chartered from the Gulf Coast to China for $76 million, about 10 times the pre-war level, highlighting how tanker shortages are lifting costs.

Reported · Written up by our desk · Energy

CNBC Markets reports that shipping costs have surged amid the war in the Persian Gulf, which has contributed to a shortage of available tankers.

The outlet says the tight supply has pushed charter rates for large tankers significantly higher, including a reported $76 million supertanker charter from the Gulf Coast to China.

According to CNBC Markets, that level is about 10 times higher than the pre-war benchmark, underscoring how the conflict has disrupted energy shipping logistics.

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Sources

CNBC MarketsSupertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war level

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