Baltic Exchange data show Persian Gulf-to-China supertanker rates exceed $1 million per day as Hormuz traffic collapses
Question
Baltic Exchange data show Persian Gulf-to-China supertanker rates exceed $1 million per day as Hormuz traffic collapses
Direct answer
The freight spike directly benefits tanker owners while increasing delivered crude costs and reinforcing the market’s disruption premium.
- Original publisher
- Market Ontology
- Evidence through
- 2026-09-21
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “Baltic Exchange data show Persian Gulf-to-China supertanker rates exceed $1 million per day as Hormuz traffic collapses”, revision 1, evidence through 2026-09-21. https://marketontology.com/market-events/2026-09-21/baltic-exchange-data-show-persian-gulf-to-china-supertanker-rates-exceed-1-milli-08343b
How this development reaches the affected companies
| Asset | Exposure and channel | Direction | Evidence |
|---|---|---|---|
| FRO | Higher daily charter rates increase revenue potential for owners of large crude tankers. | Up1-5d | The Persian Gulf-to-China supertanker rate reached $1.035 million per day versus about $208,000 previously. |
| BZ=F | Exceptional freight costs increase the delivered cost and disruption premium for Gulf crude. | Up1-5d | Baltic Exchange data showed nearly fivefold growth in the relevant supertanker rate. |
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What happened next
| Asset | Call | Base close | +1 day | +5 days | +20 days |
|---|---|---|---|---|---|
| FRO | Upagreed | 49.81 2026-09-21 | -3.79% | -3.43% | +1.83% |
Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.
Sources
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