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Cedar Global Markets
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Cedar Global MarketsData via FRED® (St. Louis Fed). Not endorsed by the St. Louis Fed. Delayed / as published.

VLCC MEG-China Rates Near $1 Million a Day on Assessment, Baltic Print Shows

in Energy, Middle East
Reading Time: 1 min read
VLCC tanker on the MEG-China route; assessment vs fixture framing for near-$1m/day earnings.
byCedar Global Markets
September 12, 2026
0

Baltic Exchange VLCC earnings on the TD3C Middle East Gulf to China route printed $982,072 a day on Friday, about double the level a month earlier, Lloyd’s List reported. Clarksons Securities assessed the same route just over $1 million a day in a Friday client note; that figure is an assessment, not a confirmed cash fixture.

The Baltic Oman and Gulf of Oman to China index printed $571,387 a day Friday. Mercuria-operated Olympic Life was placed on subjects Friday for a Gulf of Oman to China voyage at $601,771 a day with a Sep. 23-25 laycan, according to Lloyd’s citing the Tankers International pool; on subjects is not a locked fixture.

U.S. cash and freight screens are closed Saturday; Friday Baltic prints are the last locked tape, and no Saturday Baltic figure is invented. Vitol’s chief executive said earlier this week that about 10 million barrels a day of oil were still moving via workarounds, attributed color only.

Sources: Lloyd’s List / Greg Miller (Baltic TD3C $982,072/day Fri; Clarksons just over $1m/day assessment; Oman/GOO-China $571,387; Olympic Life on subjects $601,771); TradeWinds (title corroboration only); gCaptain / Bloomberg (optional Vitol ~10 mb/d still-moving color; Sep 10 earlier MEG print superseded).

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