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Baltic Exchange Reports Surging Middle East to China Crude Tanker Rates

The Baltic Exchange reported sharp increases in crude tanker freight rates connecting the Gulf region to China on October 9, 2026. Very Large Crude Carrier earnings on key Middle East to China routes experienced substantial daily gains amid vessel constraints and strong chartering activity.

Illustration: A large crude oil tanker navigating through open waters in the Gulf region under clear daylight, with commercial maritime equipment visi
Illustration

According to freight assessments published by the Baltic Exchange on October 9, 2026, tanker rates on routes linking the Middle East Gulf to China recorded steep increases. The TD3C route, transporting 270,000 metric tons of Middle East Gulf crude to China, gained 115 points to stand at Worldscale 1,318.75.

This adjustment lifted daily round-trip time charter equivalent earnings for a standard Very Large Crude Carrier on the TD3C route to $1,412,594, as reported by The Edge Malaysia citing Baltic Exchange data.

Simultaneously, the TD34 route connecting the Gulf of Oman to China increased by 62.5 points to Worldscale 841.07, producing daily returns of $912,660. The Baltic Exchange indicated that increased fixture activity and regional vessel constraints continue to push freight valuations higher along this energy corridor.

Sources

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