{
  "id": 11513237,
  "title": "CLARKSONS HELLAS – SnP WEEKLY",
  "url": "https://urgent.news/2026/10/02/clarksons-hellas-snp-weekly",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T17:00:27.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/clarksons-hellas-snp-weekly-12/"
  },
  "original_language": "en",
  "account": "Tanker rates have stayed high, nearing record levels, as hopes for a reopening to the Strait of Hormuz dwindled. President Trump refused Iran's offer to resume Strait trade, while the US announced plans to deploy a third aircraft carrier to the area. VLCC earnings averaged over USD 700,000 per day according to the Baltic Exchange, with Gulf-China Middle East voyages commanding USD 1.2 million daily. The surge in earnings has affected Suezmax tankers, with average earnings climbing nearly USD 130,000, as charterers downsized from VLCCs to reduce freight expenses. Product tanker rates have also increased, with LR segments leading the growth, although a potential US diesel export ban and China's suspension of October product exports pose risks to the segment. S&P activity on crude carriers remains robust, with several parties focusing on vessels that can be delivered quickly, particularly those located near the Middle East Gulf. Sellers' high expectations for prices are met with buyers' eagerness, contributing to modern secondhand VLCCs and Suezmaxes being priced above newbuildings, with a record premium for VLCCs. The dry market seems to be stable, with contracts being finalized at previous rates, while spot earnings may resume once businesses reopen, especially in China during the Golden Week holiday. BDI settled at 3,148 points this week, down from the 3,400-3,500 range last week. Overall, the market continues to receive a variety of inquiries across different vessel sizes, with a noticeable increase in modern eco Ultramax and Kamsarmax tonnage. In the gearless size, Capesize bulk JOANCE settled at USD 31.1 million, while the Post-Panamax LC MILADY sold for a high USD 14 million. Smaller vessels, including the Eco Kamsarmax GCL HAZIRA and BABITONGA, were also acquired for USD 38.8 million and USD 38.5 million, respectively. The modern eco Kamsarmax GCL HAZIRA, with a delivery date of October/November 2026, was purchased by German interests. In the Supramax space, YC AEQUOR achieved a high USD 13 million price. VLCC SEAKING (ABT 317,000 DWT, 2013, HD HYUNDAI) was sold to ADNOC clients for USD 175 million. Additionally, MR2 ATLANTIC CROWN (ABT 47,128 DWT, 2007, HD HYUNDAI MIPO) was sold for USD 19.2 million.",
  "summary": "Tanker rates remain at or near record highs as hopes of a reopening faded. President Trump rejected Iran’s proposal to reopen the Strait, at least five tankers were struck in Hormuz this week, and the US is reported to be sending a third aircraft carrier to the region. VLCC earnings are averaging over USD 700,000 ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}