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, accelerating fleet growth, and what the IMO’s net-zero postponement means for tanker supply.

Listen on Spotify or via our website.

Recorded on November 25, 2025.