A supertanker named Alexandros was chartered by trading firm Trafigura for $76 million to sail from the U.S. Gulf Coast to China, loading around November 19. This cost far exceeds the pre-war normal rate of $7 million to $10 million due to a shortage of available tankers caused by the Middle East crisis. The journey cost translates to about $38 per barrel of oil, assuming the tanker carries 2 million barrels. The increased shipping demand is driven by a shuttle system used by Middle East producers to export oil safely through the Strait of Hormuz, requiring more ships and raising costs globally.
The supertanker charter cost surge is the subject, with Pluang providing market context for energy stocks. As of Oct 08, 2026 00:01 WIB, 7 of 38 priced Energy-sector US stocks on Pluang rose while 30 fell. Notable movers include Williams Companies Inc (WMB) at USD 71.24 with a 1-day change of -1.59%, Diamondback Energy Inc (FANG) at USD 182.41 with a 1-day change of -1.39%, and Kinder Morgan Inc (KMI) at USD 31.75 with a 1-day change of -1.27%.
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