# VLCC freight rates top $1 million, crude tanker market rally spreads across the board.

> The Baltic Exchange TD3C index for the Middle East Gulf to China route passed $1 million per day for the first time, a record high. Rates on routes outside the Gulf also reached new highs, and the rally is spreading to Suezmax and Aframax tankers. The surge follows severe restrictions on transit through the Strait of Hormuz.

- Date: 2026-11-14 · published 2026-11-14T15:12:42.839Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/99600-vlcc-freight-rates-top-1-million-crude-tanker-market-rally-spreads-across-the
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Tanker rates reflect the cost of moving crude and refined fuels, and higher shipping costs feed into diesel and freight expenses for feed producers and grain traders. Constrained Hormuz flows also support crude prices and the energy costs behind fertilizer and biofuel economics.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-08-23 | [Unprecedented! Geopolitical conflicts combined with climate drought push freight rates on global core shipping lanes up across the board. \| World Ports Organization](https://feedsoft.ai/events/16774-unprecedented-geopolitical-conflicts-combined-with-climate-drought-push-freight.md) | -6.2% | +23.0% |
| BRENT | 2017-12-01 | [Transportation constraints and export costs widen the Brent-WTI crude oil price spread](https://feedsoft.ai/events/68167-transportation-constraints-and-export-costs-widen-the-brent-wti-crude-oil-price.md) | -2.0% | +4.9% |
| BRENT | 2022-03-18 | [Ocean Freight Rates Highest Since Nov. – AgFax - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/42191-ocean-freight-rates-highest-since-nov-agfax-supply-chain-council-of-european.md) | +10.4% | +1.1% |
| BRENT | 2018-12-27 | [Only a temporary calm - DHL Freight Connections](https://feedsoft.ai/events/61739-only-a-temporary-calm-dhl-freight-connections.md) | +2.6% | +14.9% |
| BRENT | 2022-03-08 | [Soaring bunker prices could hasten 'return to normal' for liner trades - The Loadstar](https://feedsoft.ai/events/11762-soaring-bunker-prices-could-hasten-return-to-normal-for-liner-trades-the.md) | -13.8% | -14.5% |
| DIESEL | 2026-10-22 | [Record diesel costs push grain freight rates higher across all modes \| Feed & Grain](https://feedsoft.ai/events/17227-record-diesel-costs-push-grain-freight-rates-higher-across-all-modes-feed-and.md) | -5.5% | — |
| DIESEL | 2019-06-14 | [IMO 2020 credit risks to cascade across marine fuel supply chain - FreightWaves](https://feedsoft.ai/events/58774-imo-2020-credit-risks-to-cascade-across-marine-fuel-supply-chain-freightwaves.md) | +4.5% | +9.9% |
| DIESEL | 2026-10-13 | [Diesel Prices & Freight Trends: What’s Driving the Market in Q4?](https://feedsoft.ai/events/17232-diesel-prices-and-freight-trends-what-s-driving-the-market-in-q4.md) | +1.8% | — |

## Sources

- worldports.org: https://www.worldports.org/vlcc-freight-rates-top-1-million-crude-tanker-market-rally-spreads-across-the-board/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.