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Tankers International
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Strait of Hormuz maritime security and VLCC rate crisis
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Latest: Supertanker freight rates hit $80 million, exceeding SpaceX launch costs
The crisis in the Strait of Hormuz has driven Very Large Crude Carrier (VLCC) charter rates to historic highs. By early October 2026, the Baltic Exchange’s TD3C benchmark for the Saudi Arabia-to-China route reached a pea