DHT has fixed a one-year VLCC charter above $100,000/day, with rates jumping $15,000 within a single week — a sharp signal of tightening crude tanker capacity. Logistics operators and oil traders should expect elevated spot rates on Persian Gulf and key crude export corridors, with knock-on effects on voyage costs to Asian and European refiners. Shippers with open tanker requirements should act quickly to lock in tonnage before further escalation.
Rate Direction
Rates up +18.00%
Time Horizon
immediate
Confidence
72%
Routes Affected
Strait of Hormuz / Persian Gulf / Indian Ocean / Suez Canal / Cape of Good Hope
Ports / Terminals
Jebel Ali / Bandar Abbas / Fujairah / Ras Tanura
Carriers
DHT
Source
https://www.seatrade-maritime.com/tankers/dht-crosses-100k-per-day-with-latest-one-year-vlcc-charterpublished 24 Feb 2026, 05:31 UTC