VLCC Freight Rates Surpass $100,000 Mark, Significantly Boosting Performance of China Merchants Energy Shipping and COSCO Shipping Energy
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The average daily rental rate of the VLCC TD3C route in November 2025 reached $105,900, breaking the $100,000 mark for the first time, up 226% year-on-year and 96% month-on-month [2,4]. The increase is driven by multiple factors: OPEC+ crude oil production increase, tightening of effective capacity due to aging tanker fleet (only 5 VLCCs to be delivered from April to December 2025), increased winter demand, and geopolitical factors [3].
- China Merchants Energy Shipping (SH601872)：Owns 52 VLCCs with 100% equity, most of which operate in the spot market, having the greatest performance elasticity [1]
- COSCO Shipping Energy (SH600026/01138)：The world’s largest tanker fleet with a high proportion of VLCC business; Q4 is the traditional peak season, and profits are expected to hit a ten-year high [5]
Analysts believe that the tanker market is entering the second phase of the upward cycle, and the boom is expected to last for 2-3 years [2,3]
Insights are generated using AI models and historical data for informational purposes only. They do not constitute investment advice or recommendations. Past performance is not indicative of future results.
About us: Ginlix AI is the AI Investment Copilot powered by real data, bridging advanced AI with professional financial databases to provide verifiable, truth-based answers. Please use the chat box below to ask any financial question.