An oil tanker in the Persian Gulf was booked at 897% of the benchmark freight rate.

Golden Ten Data reported on June 24 that, according to sources, a supertanker has been chartered to transport oil from the Persian Gulf to India, with the freight rate reaching almost nine times the benchmark rate. This astonishing price reflects a severe shortage of available vessels in the region. According to ship brokers, this Very Large Crude Carrier (VLCC), which can load approximately 2 million barrels of crude oil, will be provided by South Korea's Sinokor Group, with a charter rate equivalent to 897 points on the Worldscale Index, or 897% of the benchmark rate. They added that this is the highest charter rate so far this year. Sinokor's charter is based on rates for the Persian Gulf to Singapore route. Since the end of last year, Sinokor Group has actively expanded in the tanker market and has remained one of the most active participants in the Persian Gulf region during the war.