TREE NEWS reports: The cost of chartering a Very Large Crude Carrier to move 2 million barrels of US Gulf Coast crude to Asia reached about $44.8 million as of Tuesday, Baltic Exchange data show, a record high. The figure marks the most expensive VLCC voyage on the US Gulf-to-Asia route.
US Gulf-to-Asia Supertanker Rate Hits Record $44.8M
AI take
This is a freight-market signal rather than a crude-price one: the cost of moving barrels is now competing with the value of the barrels themselves on the longest US export route. It lands hardest on Asian refiners reliant on US Gulf grades and on the traders who book those voyages, since freight is absorbed somewhere between producer netbacks and delivered cost. Whether the record reflects a durable shift in tanker availability or a temporary dislocation is the open question worth watching.
Generated by AI for reference only.
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