Signal · Commodities & Input Costs
Gulf-to-China Supertanker Rates Hit $510,000 a Day
What the source reported
Source-reportedThe daily rate for chartering a supertanker to pick up crude oil from within the Persian Gulf and deliver it to China has surged this week to the highest level in two months as exporters seek vessels to deliver oil to Asian buyers despite a deteriorating security backdrop in the Strait of Hormuz. The benchmark Middle East Gulf-to-China rate for a very large crude carrier (VLCC) jumped to as high as $510,000 per day on Monday, according to data from the Baltic Exchange of tanker rates compiled by Bloomberg. This was the highest daily rate for shipping…
- Publication
- Oilprice.com · Trade Publication
- Published
- 18th August 2026
- Original report
- oilprice.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
- Commodities & Input Costs
- Geography
- Global
- Organisations
- None identified
- Collected
- 18th August 2026 · 15:17
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 (33.0/100). Strongest contributor: Procurement Impact (12.0/30 points). Limiting factor: Likely Event Severity (3.0/30 points). Initial Confidence Low (39.0/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Extraction Quality (3.0/15 points).
- Strongest contributor
- Procurement Impact
- Limiting factor
- Likely Event Severity