The crude oil transportation market has seen a significant increase. The daily income of VLCC (Very Large Crude Carrier) tankers has reached $805,000, marking the highest historical level for this market. Transportation rates have currently risen to $20 to $45 per barrel, with the route from the United States to China significantly increasing from $5 per barrel in 2025 to $37.5 per barrel in 2025.
Increase in LPG Transportation Rates
The transportation rate for LPG (Liquefied Petroleum Gas) has also reached its highest historical level, with VLGC (Very Large Gas Carrier) tankers earning $209,000 per day for the route from the United States to Japan. This increase is due to the high volume and long-term shipments of oil from the United States to Asia, as well as the return of shipments from the Gulf.
Read more: Unprecedented Increase in Crude Oil Transportation Rates to a Record $1.4 Million per Day
Impact of Attacks on the Market
This week, at least 10 ships with a total weight of 1.0 million tons have been damaged in the Middle East. Despite this, a high level of crude oil from the Middle East is still exiting the Gulf region. Recently, 10 million barrels of crude oil have passed through the Strait of Hormuz, with about 80% of it being transferred via STS (Ship-to-Ship) in the Gulf of Oman. The total flow of crude oil from the Middle East has reached 16 million barrels per day, which is about 90% of the normal level.
Despite the recent improvement in flows, about 2 billion barrels of crude oil have yet to pass through the Strait of Hormuz. Various factors, including increased supply from the Atlantic Ocean and exports from Yanbu, have reduced the net non-passage to about 1 billion barrels. Additionally, since the onset of conflicts, 0.25 billion barrels have been depleted from reserves.
Overall, the energy transportation market is currently in unprecedented conditions, and the volume of shipments is increasing. Due to waiting times for STS transfers and long-term oil flows in the Red Sea, it is estimated that the demand for crude oil tankers has increased by more than 13%.
Read more: The Role of Khadem Al-Reza Kerminyaz in the Return of the Fourth Refinery to Production Cycle · Reduction of Long Positions in Brent Futures to 204,000 Lots
