Signal · Geopolitical Risk
VLCC shipping rates top $1M per day, Bahri likely to gain
What the source reported
Source-reported<p><img src="https://argaamplus.s3.amazonaws.com/daa66086-bde1-4d93-a997-4a0ec069bc50.png" ></p> <p></p> <hr> <div data-olk-copy-source="MessageBody" >Shipping rates for Very Large Crude Carriers (VLCCs) have surged to record levels, as higher transit risks and reduced availability of vessels capable of operating through key Middle Eastern routes have tightened tanker supply and increased the cost of transporting crude to Asian markets.</div> <div data-olk-copy-source="MessageBody" ></div> <div >The daily time-charter equivalent (TCE) rate for the benchmark TD3C route from the Arabian Gulf to China exceeded $1 million for the first time on September 14, reaching approximately $1.035 million per day.</div> <div ></div> <div >Rates continued to rise in the following days, surpassing $1.2 million per day on September 18, an exceptional level compared with approximately $45,000 per day before the war.</div> <div ></div> <div ></div> <div ></div> <div ></div> <div ></div> <div ></div>
- Publication
- Argaam - Main News · Trade Publication
- Published
- 20th September 2026
- Original report
- argaam.com
ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.
What ProcIntel recorded
ProcIntel-derived- Category
- Geopolitical Risk
- Geography
- Saudi Arabia
- Organisations
- None identified
- Collected
- 20th September 2026 · 13:53
Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Initial Significance Moderate (32.0/100). Strongest contributor: Procurement Impact (18.0/30 points). Limiting factor: Likely Event Severity (3.0/30 points). Initial Confidence Low (37.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- Strongest contributor
- Procurement Impact
- Limiting factor
- Likely Event Severity