Market intelligence

Tanker Intelligence

Firm

Owner-supportive market

Earnings remain elevated across major routes, while softer underlying cargo fundamentals and cooling short-term momentum shape the near-term outlook. Disruption risk remains material.

CrudeFirmProductsProvisional

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Freight StrengthVery Strong ↑↑

RiskExtreme ↑↑

MomentumFalling ↓

ConfidenceMedium-High

Representative tanker earnings

Connected broker TCE data · USD/day

Live source data

TD3C VLCCTD20 SuezmaxTD25 Aframax

Key market driver strength

Medium-term market read

Freight StrengthVery Strong ↑↑

Cargo FundamentalsWeak ↓

Tonnage SupplyBalanced →

Tonne-mile DemandBalanced →

Disruption / RiskExtreme ↑↑

Market MomentumFalling ↓

Market trend snapshot

Latest connected commercial indicators

TD3C VLCC07 Aug 2026

$506k/day+39.9%

TD20 Suezmax07 Aug 2026

$78k/day-34.2%

TD25 Aframax07 Aug 2026

$84k/day+100.6%

Signal TD3C07 Aug 2026

$481k/day+13.7%

Tonne-mile snapshot

Latest available class data

VLCC142.4(03 Jul 2026)+6.1 pts vs prior week

Suezmax100.1(03 Jul 2026)+4.6 pts vs prior week

Aframax96.1(03 Jul 2026)-0.6 pts vs prior week

Why the market is firm

Freight: Very Strong ↑↑

Major-route earnings are the strongest current commercial support.

Cargo: Weak ↓

Physical cargo fundamentals are tracked separately from freight strength.

Risk: Extreme ↑↑

Security and routing risk are shown explicitly rather than hidden inside the freight signal.

Momentum: Falling ↓

Momentum tells you whether the market is accelerating or cooling from the current level.

Full intelligence

Market drivers

A concise explanation of what is currently shaping each market driver.

Freight StrengthVery Strong ↑↑

Major-route TCEs remain elevated, keeping owner earnings well supported.

Tonne-mile DemandBalanced →

Latest class readings are mixed, leaving the aggregate tonne-mile picture broadly balanced.

VLCC142.4 (03 Jul 2026)Route-distance demand strengthened, lifting the index 6.1 points from the prior week.

Suezmax100.1 (03 Jul 2026)Route-distance demand strengthened, lifting the index 4.6 points from the prior week.

Aframax96.1 (03 Jul 2026)Route-distance demand softened, easing the index 0.6 points from the prior week.

Cargo FundamentalsWeak ↓

Recent processing, production and cargo-flow signals point to softer underlying cargo demand.

Disruption / RiskExtreme ↑↑

Security incidents and routing constraints remain severe across key tanker corridors.

Tonnage SupplyBalanced →

Fleet utilisation and vessel-availability signals are offsetting, leaving supply broadly balanced.

Market MomentumFalling ↓

Recent benchmark changes show the market cooling from still-elevated freight levels.

Research access

Reports & Sources

Market publications and a concise view of the primary data foundations behind ViewShipping Tanker Intelligence.

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Weekly tanker freight, vessel supply, trade demand and risk intelligence.

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Sources

The Tanker read combines broker freight/TCE, oil-flow fundamentals, trade and routing data, and official security intelligence.

How our data is built ↓

Source coverage

How the Tanker read is built

ViewShipping Tanker Intelligence combines commercial freight, earnings and vessel-market evidence from Gibson, Signal Group; oil-flow and demand fundamentals from OPEC MOMR, EIA, JODI, China NBS; trade and routing context from IMF PortWatch, UNCTAD; security, navigation and regulatory context from UKMTO / MSCIO. Each feed is normalised into separate freight, cargo, tonnage, tonne-mile, disruption and momentum channels. When the latest valid observation is old, its value and date remain visible but it is excluded from the live directional read.

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