{"id":102370,"date":"2026-02-25T19:49:18","date_gmt":"2026-02-25T22:49:18","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/895574254"},"modified":"2026-02-25T19:49:18","modified_gmt":"2026-02-25T22:49:18","slug":"saudi-shipping-giant-rents-supertankers-as-freight-costs-skyrocket","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/25\/saudi-shipping-giant-rents-supertankers-as-freight-costs-skyrocket\/","title":{"rendered":"Saudi Shipping Giant Rents Supertankers as Freight Costs Skyrocket"},"content":{"rendered":"<p> <title>Saudi Shipping Giant Rents Supertankers as Freight Costs Skyrocket | OilPrice.com<\/title>     <\/p>\n<p> <!-- Below is a link to a CSS file that accounts for Cumulative Layout Shift, a new Core Web Vitals subset that Google uses to help rank your site in search --><br \/>\n<!-- The file is intended to eliminate the layout shifts that are seen when ads load into the page. 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class=\"tableGrid__column tableGrid__column--articleContent singleArticle\"> <!-- \/.singleArticle__headingMeta --> <\/p>\n<div class=\"singleArticle__wrapper\">\n<div id=\"singleArticle__sidebar\" class=\"singleArticle__sidebar\">\n<div class=\"authorBox\"> <img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Charles Kennedy\" title=\"Charles Kennedy\" fifu-data-src=\"https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1\" class=\"authorBox__avatar lozad\"> <\/p>\n<p class=\"authorBox__authorName\">Charles Kennedy<\/p>\n<p class=\"authorBox__authorBio\">Charles is a writer for Oilprice.com<\/p>\n<p><a class=\"authorBox__moreInfo\" href=\"https:\/\/oilprice.com\/contributors\/Charles-Kennedy\/\">More Info<\/a><\/p>\n<p> <!-- \/.authorBox__authorBio --> <\/div>\n<p> <!-- \/.authorBox --> <!-- \/.sidebarRelatedArticles --> <\/p>\n<div class=\"sidebarRelatedArticles\">\n<h3 class=\"sectionHeading__title sidebarRelatedArticles__title\">Related News<\/h3>\n<p> <!-- \/.sidebarRelatedArticles --> <\/div>\n<p> <!-- \/.sidebarRelatedArticles --> <\/div>\n<p> <!-- \/.singleArticle__sidebar --> <\/p>\n<div class=\"singleArticle__content\"> <span class=\"article_byline\">By <a href=\"https:\/\/oilprice.com\/contributors\/Charles-Kennedy\/\">Charles Kennedy<\/a> &#8211; Feb 25, 2026, 10:30 AM CST<\/span> <\/p>\n<div class=\"articleImageContainer\"> <img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/d32r1sh890xpii.cloudfront.net\/news\/718x300\/2026-02-25_ftyfokq8a9.jpg?ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/d32r1sh890xpii.cloudfront.net\/news\/718x300\/2026-02-25_ftyfokq8a9.jpg?ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/d32r1sh890xpii.cloudfront.net\/news\/718x300\/2026-02-25_ftyfokq8a9.jpg?ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/d32r1sh890xpii.cloudfront.net\/news\/718x300\/2026-02-25_ftyfokq8a9.jpg?ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/d32r1sh890xpii.cloudfront.net\/news\/718x300\/2026-02-25_ftyfokq8a9.jpg?ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/d32r1sh890xpii.cloudfront.net\/news\/718x300\/2026-02-25_ftyfokq8a9.jpg?ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/d32r1sh890xpii.cloudfront.net\/news\/718x300\/2026-02-25_ftyfokq8a9.jpg?ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/d32r1sh890xpii.cloudfront.net\/news\/718x300\/2026-02-25_ftyfokq8a9.jpg?ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/d32r1sh890xpii.cloudfront.net\/news\/718x300\/2026-02-25_ftyfokq8a9.jpg?ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/d32r1sh890xpii.cloudfront.net\/news\/718x300\/2026-02-25_ftyfokq8a9.jpg?ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/d32r1sh890xpii.cloudfront.net\/news\/718x300\/2026-02-25_ftyfokq8a9.jpg?ssl=1&w=1600&resize=1600&ssl=1 1600w\" fifu-data-src=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/d32r1sh890xpii.cloudfront.net\/news\/718x300\/2026-02-25_ftyfokq8a9.jpg?ssl=1\" alt=\"Supertanker\" title=\"Supertanker\"><img> <\/div>\n<div id=\"news-content\" class=\"wysiwyg clear\">\n<p class=\"speakable\"><span>Bahri, the national shipping carrier of the world\u2019s top crude exporter, Saudi Arabia, has provisionally chartered at least five supertankers to ship oil to Asia amid soaring tanker rates not seen in six years.&nbsp;<\/span><\/p>\n<p><span>Bahri has hired at least five very large crude carriers (VLCCs), the supertankers capable of shipping 2 million barrels of crude each, as daily rates on the key Middle East-to-China route surged above $200,000 for the first time since 2020, Bloomberg <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-02-25\/saudi-tanker-giant-bahri-snaps-up-ships-as-rates-near-200-000-a-day\"><span>reports<\/span><\/a><span>.<\/span><\/p>\n<p><span>The freshly chartered supertankers are expected to ship Saudi crude to Asia in the coming weeks, according to fixtures and schedules Bloomberg has seen.&nbsp;<\/span><\/p>\n<p><span>Additional hiring from the Saudi national shipping company suggests that the Kingdom is boosting supply to Asia and potentially looking to lock in daily rates ahead of further freight rate increases.&nbsp;<\/span><\/p>\n<div class=\"google_preferred_source_banner_inarticle\">Set <span>OilPrice.com<\/span> as a preferred source in Google <a class=\"google_preferred_source_banner_inarticle_link\" target=\"_blank\" href=\"https:\/\/www.google.com\/preferences\/source?q=oilprice.com\">here<\/a>.<\/div>\n<p><span>Near-term demand for Saudi Arabia\u2019s oil in China <\/span><a href=\"https:\/\/oilprice.com\/Latest-Energy-News\/World-News\/Saudi-Oil-Exports-to-China-Set-to-Soar-as-the-Kingdom-Slashes-Prices.html\"><span>is soaring<\/span><\/a><span> after the Kingdom early this month slashed its official selling prices (OSPs) for Asia to the lowest level versus regional benchmarks in more than five years.<\/span><\/p>\n<p><span>As a result, oil loadings from Saudi Arabia to China in March are estimated at about 56-57 million barrels, up from 48 million barrels loading in February, anonymous traders with knowledge of the orders told&nbsp;<\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-02-16\/saudi-oil-sales-to-china-jump-after-prices-cut-to-five-year-low\"><span>Bloomberg<\/span><\/a><span>&nbsp;earlier this month.&nbsp;<\/span><\/p>\n<p><span>Moreover, supertanker rates are going through the roof, <\/span><a href=\"https:\/\/oilprice.com\/Latest-Energy-News\/World-News\/Oil-Tanker-Rates-Surge-to-Six-Year-High.html\"><span>hitting a six-year high<\/span><\/a><span>, as Middle Eastern supply to India soars and traders rush shipments to precede a potential U.S. military campaign in Iran.<\/span><\/p>\n<p><span>The heightened geopolitical tensions could also boost the war premiums that shippers and insurers will ask, according to analysts.&nbsp;<\/span><\/p>\n<p><span>The rally in the VLCC freight rates began at the end of 2025 on the back of growing oil supply, longer voyages, and disruptions due to sanctions and altered shipping lanes.&nbsp;<\/span><\/p>\n<p><span>Following a brief respite in January, the tanker rates have rebounded this month to the highest since 2020 as the market became aware of a major&nbsp;<\/span><a href=\"https:\/\/oilprice.com\/Energy\/Energy-General\/Super-Tanker-Rates-Soar-Amid-Sanctions-Supply-Shifts-and-Strategic-Hoarding.html\"><span>vessel buying spree<\/span><\/a><span>&nbsp;from South Korea\u2019s Sinokor shipping group, which is now estimated to control about a fourth of all available non-sanctioned tankers.&nbsp;&nbsp;&nbsp;<\/span><\/p>\n<p><span>By Charles Kennedy for <\/span><a href=\"http:\/\/oilprice.com\"><span>Oilprice.com<\/span><\/a><\/p>\n<p><strong>More Top Reads From Oilprice.com<\/strong><\/p>\n<\/p><\/div>\n<p><a class=\"join-discussion\" href=\"https:\/\/oilprice.com\/Latest-Energy-News\/World-News\/Saudi-Shipping-Giant-Rents-Supertankers-as-Freight-Costs-Skyrocket.html#join-discussion\">Join the discussion<\/a> | <a href=\"https:\/\/oilprice.com\/\">Back to homepage<\/a><\/p>\n<\/p><\/div>\n<p> <!-- \/.singleArticle__content --> <\/div>\n<p> <!-- \/.singleArticle__wrapper --> <br \/><!-- \/192633929\/OilPrice-728x90-BTF --> <!-- END: \/192633929\/OilPrice-728x90-BTF --> <br \/><!-- \/.singleArticle__navigation --> <\/p>\n<div class=\"articleAuthorBox\"> <img data-opt-id=758893364  decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/d32r1sh890xpii.cloudfront.net\/avatars\/medium\/default.jpg?ssl=1&w=240&resize=240&ssl=1 240w, 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title=\"Charles Kennedy\"> <\/p>\n<div class=\"articleAuthorBox__content\">\n<h3 class=\"articleAuthorBox__author\">Charles Kennedy<\/h3>\n<p class=\"articleAuthorBox__text\"> Charles is a writer for Oilprice.com <\/p>\n<p><a class=\"articleAuthorBox__moreinfo\" href=\"https:\/\/oilprice.com\/contributors\/Charles-Kennedy\/\">More Info<\/a><\/p>\n<p> <!-- \/.articleAuthorBox__text --> <!-- \/.articleAuthorBox__socialIcons --> <\/div>\n<p> <!-- \/.articleAuthorBoxContent --> <\/div>\n<p> <!-- \/.articleAuthorBox --> <\/p>\n<div class=\"articleRelatedPosts\">\n<h3 class=\"articleRelatedPosts__heading\">Related posts<\/h3>\n<\/p><\/div>\n<p> <!-- \/.articleRelatedPosts --> <\/div>\n<p> <!-- \/.tableGrid__column --> <\/p>\n<div class=\"tableGrid__column tableGrid__column--articleSidebar\">\n<div class=\"articleSidebar\"> <!-- \/.banner-articleSidebar --> <br \/><!-- \/192633929\/OilPrice-300x250-BTF2 --> <!-- END: \/192633929\/OilPrice-300x250-BTF2 --> <br \/><!-- 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<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230; VLCCs), the supertankers capable of <span class=\"match\">shipping<\/span> 2 million barrels of crude &#8230; hiring from the Saudi national <span class=\"match\">shipping<\/span> company suggests that the &#8230; daily rates ahead of further <span class=\"match\">freight<\/span> rate increases.\u00c2\u00a0 Set OilPrice. &#8230; The rally in the VLCC <span class=\"match\">freight<\/span> rates began at the end &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-102370","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/102370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=102370"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/102370\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=102370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=102370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=102370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}