The supertanker Esteem Explorer's late-November voyage from the US to Japan, carrying about 2 million barrels of crude, will cost $81 million, versus $9.1 million on average last year, or $40.50 per barrel. Attacks on ships tied to the US-Iran and Russia-Ukraine wars have lifted freight and insurance rates, and freight now makes up more than 40% of the price of US oil, compared with 7% on average in 2025. Baker Institute fellow Kenneth Medlock said every $10-per-barrel rise in shipping costs adds about 23 cents per gallon to gasoline, and Reuters calculated this voyage alone adds at least 80 cents per gallon versus last year. Import-dependent countries such as India, the Philippines and Indonesia bear the brunt, and the International Energy Agency said record tanker rates are squeezing Asian refiners' profits. Tanker owners have earned as much as $1.3 million per ship per day on the round trip from the Persian Gulf to Asia, compared with $55,000 on average in 2025.
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Related tickers and likely impact
PLX
▼ Likely negativePetrolimex
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Integrated Oil & Gas |
| Market cap | 44,534 bn VND |
| P/E | 13.9 |
| P/B | 1.83 |
| Close on 10/15/2026 | 35.55 |
| Change that session | -1.93% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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