Apr. 5 at 8:37 AM
$BATL $EONR $RBNE $WTI $HPK :
Independent reporting from The Business Times shows 8 Times –12 Times increase. Pre‑conflict war‑risk Insurance Premium was 0.25% of hull value
1. Post‑conflict Insurance Premium rose to 1% of hull value, renewable weekly
2. Effective cost for a VLCC voyage: USD 2million–3 million, compared to ~USD 250,000 before the conflict
Oil tanker charter rates:
1. Daily charter rates for supertankers quadrupled within a week to nearly US
$800,000/day.
2. Suezmax and LNG carriers:
a. Suezmax earnings more than tripled after the conflict.
b. LNG carrier earnings tripled as well.
3. VLCC Gulf → China crude shipping cost
nearly tripled in a few days (from
$46/tonne to ~
$64 after peaking much higher).
