Rates surged 62% on Friday, as fears of possible US-led military action against the Islamic Republic intensified. On the day, reports of Tehran considering live-firing exercises spooked markets while Bloomberg News reported that Greece, home to the world’s largest tanker fleet, had warned ships to stay away from Iran’s coast when moving through the Strait of Hormuz.
(Feb 4): Tankers moving crude from the Middle East to China charged the highest fees in more than two months this week, after tensions over Iran combined with tight vessel supply to drive up prices.
The daily earnings of a vessel on the benchmark TD3C route reached nearly US$126,000 on Tuesday (Feb 3), marking about a fourfold gain this year and the highest rate since late November, according to data published by the Baltic Exchange.
