NEWS & UPDATES | Marsoft

How long will elevated VLGC rates last?

December 5, 2025 By Megan Kennedy Spot rates for conventional VLGCs have started the last month of 2025 averaging more than 30% higher than rates in December of 2024. So far this month, VLGC rates have topped over $60,000 per day, and for Q4-to-date, conventional rates are averaging roughly $57,000 per day – some 40% higher than the same quarter last year. The fourth quarter is typically a lower-demand period for VLGCs, whereby Asian demand falls back after its Q3 seasonal

16 minutes ago2 min read

VLCC Rates Surge - new Marsoft Beat episode released

VLCC spot rates have surged past $120,000/day, driven by OPEC supply, sanctions enforcement, and a sharp rise in oil on the water. In this episode of The Marsoft Beat, Ryan Uljua speaks with Marsoft Senior VP John Moulopoulos to break down what’s behind the spike and how long it’s likely to last. Drawing on Marsoft’s recent 25Q4 Tanker Market Report, they discuss the temporary drivers lifting earnings today, the impact of Red Sea normalization on tonne-mile demand, accelerati

Nov 261 min read

The Marsoft October eBriefs for Dry Bulk and Tanker markets are now available

Marsoft’s Dry Bulk market outlook for the remainder of the year is cautiously optimistic: improved grains trade prospects, steadier iron ore imports, and the recent seasonal rebound in Asian coal flows have prompted modest upward revisions to our base case relative to last August. Looking at 2026 however, China’s slowing import demand, firm fleet growth throughout the year and the expected Red Sea normalisation in 26H2 point to a gradually softening balance throughout 2026, w

Oct 201 min read