Jun. 24 at 3:09 PM
$PSHG According to data and sources within the shipping industry, oil carriers are reaping record profits after nearly doubling their charter rates this week for vessels transiting the Strait of Hormuz and the Persian Gulf region in general, driven by increased demand as traffic along this shipping route gradually recovers.
Average daily revenue for very large crude oil carriers (VLCCs) has soared to an all-time high of nearly
$470,000 per day for cargoes within the Persian Gulf.
According to industry agents and sources, tanker charter rates outside the Strait of Hormuz have surged to
$190,500 per day, up from
$106,500 the previous week, coinciding with a rapid increase in vessel charters outside the Gulf region.
