Tanker Rates Surge
Spot rates for VLCCs from the Persian Gulf to China shot up 50% last week. The jump came after the US struck Iran’s nuclear facilities on June 21. Then Tehran’s parliament backed plans to seal the Strait of Hormuz. Owners now earn over $57,000 per day, up from about $21,000 on June 11.
Meanwhile, the Strait of Hormuz moves about 17 million barrels daily—nearly a quarter of global output. Container lines like Maersk and CMA CGM still sail through the route but watch security closely. Maersk warns it may reroute ships if threats escalate, while CMA CGM guarantees uninterrupted service. Crude futures also climbed to $76.42 per barrel on June 22, up from $73.84 the day before.
The Logistix Company is monitoring rate shifts and geopolitical alerts around the clock. Our team is ready to coordinate with our carriers to adjust plans as soon as risk levels change. Contact us today to discuss how we’re adjusting to an ever-changing landscape when it comes to your freight arriving on time and on budget.
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