Tanker Intelligence

Market intelligence

Tanker Intelligence

Firm
Owner-supportive market

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

CrudeFirmProductsFirm
Freight StrengthVery Strong ↑↑
RiskExtreme ↑↑
MomentumStable →
ConfidenceMedium-High

Representative tanker earnings

Connected broker TCE data · USD/day

Live source data
$547k$409k$271k$133k$-5k TD3C VLCC · 19 Jun 2026 · $484k/dayTD3C VLCC · 26 Jun 2026 · $331k/dayTD3C VLCC · 03 Jul 2026 · $303k/dayTD3C VLCC · 10 Jul 2026 · $362k/dayTD3C VLCC · 17 Jul 2026 · $390k/dayTD3C VLCC · 24 Jul 2026 · $401k/dayTD3C VLCC · 31 Jul 2026 · $446k/dayTD3C VLCC · 07 Aug 2026 · $506k/dayTD3C VLCC · 14 Aug 2026 · $509k/dayTD20 Suezmax · 19 Jun 2026 · $79k/dayTD20 Suezmax · 26 Jun 2026 · $123k/dayTD20 Suezmax · 03 Jul 2026 · $126k/dayTD20 Suezmax · 10 Jul 2026 · $118k/dayTD20 Suezmax · 17 Jul 2026 · $115k/dayTD20 Suezmax · 24 Jul 2026 · $111k/dayTD20 Suezmax · 31 Jul 2026 · $108k/dayTD20 Suezmax · 07 Aug 2026 · $78k/dayTD20 Suezmax · 14 Aug 2026 · $111k/dayTD25 Aframax · 19 Jun 2026 · $33k/dayTD25 Aframax · 26 Jun 2026 · $44k/dayTD25 Aframax · 03 Jul 2026 · $36k/dayTD25 Aframax · 10 Jul 2026 · $42k/dayTD25 Aframax · 17 Jul 2026 · $64k/dayTD25 Aframax · 24 Jul 2026 · $133k/dayTD25 Aframax · 31 Jul 2026 · $108k/dayTD25 Aframax · 07 Aug 2026 · $84k/dayTD25 Aframax · 14 Aug 2026 · $99k/day 19 Jun03 Jul10 Jul24 Jul31 Jul14 Aug
TD3C VLCCTD20 SuezmaxTD25 Aframax

Key market driver strength

Short-term market read

Freight StrengthVery Strong ↑↑
Cargo FundamentalsWeak ↓
Tonnage SupplyBalanced →
Tonne-mile DemandBalanced →
Disruption / RiskExtreme ↑↑
Market MomentumStable →

Market trend snapshot

Latest connected commercial indicators

TD3C VLCC14 Aug 2026
$509k/day+30.7%
TD20 Suezmax14 Aug 2026
$111k/day-3.9%
TD25 Aframax14 Aug 2026
$99k/day+53.3%
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: Stable →

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 MomentumStable →
Recent benchmark changes point to broadly stable near-term market momentum.
Research access

Reports & Sources

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

Latest Tanker Report

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.