Oil supertankers in Gulf are renting for $500,000 per day: Report

Oil supertankers in Gulf are renting for $500,000 per day: Report Supertanker owners are getting paid $510,000 per day to bring crude oil from the Gulf to Asia, in a sign of high demand for vessels to transit the waterway as fighting rages in the region and alternative routes take supply from the market. Bloomberg reported on Wednesday that earnings from the Middle East-to-China route have jumped to their highest level since June. The rising figure suggests that demand for vessels is high and some are risking the threat of war to take profits. “Right now, the strait is open. A lot of boats are coming through. People aren’t reporting that," US President Donald Trump said on Wednesday. One vessel, a very large crude carrier (VLCC), the Mongolia Prosperity, operated by South Korean shipowner Sinokor, is set to load crude from an unnamed Persian Gulf port for delivery to East Asia, with the voyage costing $31m, Bloomberg reported. Read more: Oil supertankers in Gulf are renting for $500,000 per day: Report