{"id":874381,"date":"2026-10-07T21:24:14","date_gmt":"2026-10-07T21:24:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/874381\/"},"modified":"2026-10-07T21:24:14","modified_gmt":"2026-10-07T21:24:14","slug":"supertanker-from-u-s-to-china-chartered-for-76-million-source","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/874381\/","title":{"rendered":"Supertanker from U.S. to China chartered for $76 million: Source"},"content":{"rendered":"

\"Supertanker<\/p>\n

(Subscribe to Brian Sullivan’s “Power Insider” newsletter here<\/a>.)<\/p>\n

A supertanker was recently chartered to sail from the U.S. Gulf Coast to China for $76 million, a source familiar told CNBC, as shipping costs soar globally due to the crisis in the Middle East.<\/p>\n

The Alexandros was chartered by the trading firm Trafigura and is expected to load around Nov. 19, the source said. A normal rate for the route based on pre-war levels would be $7 million to $10 million. <\/p>\n

The cost of the journey comes to $38 per barrel of oil assuming the tanker holds 2 million barrels. Shipping costs have exploded as the war in the Persian Gulf has led to a shortage of available tankers. <\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

Brent crude oil, YTD<\/p>\n

The Middle East producers are using a shuttle system to export oil through the Strait of Hormuz. A loaded tanker crosses the strait and then loads the oil onto another ship in the Gulf of Oman that takes the cargo to Asia. <\/p>\n

This system reduces the exposure to Iranian attack and has led to a rebound of crude exports through Hormuz. But it also requires a lot more ships to get the oil out of the Gulf. <\/p>\n","protected":false},"excerpt":{"rendered":"(Subscribe to Brian Sullivan’s “Power Insider” newsletter here.) A supertanker was recently chartered to sail from the U.S.…\n","protected":false},"author":2,"featured_media":874382,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[317286,116,368107,28,122,144,1872,7095,112],"class_list":["post-874381","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-lco26z","tag-breaking-news-markets","tag-brian-sullivan","tag-business","tag-business-news","tag-china","tag-energy","tag-houston","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/874381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=874381"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/874381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/874382"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=874381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=874381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=874381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}