When the tanker ship Kalamos leaves Paradip on Tuesday (March 10, 2026) and returns to India 20 days later with round 2 million barrels of crude oil on board, it’s more likely to command the very best rental charges ever for a business ship on the planet. In keeping with Tankers Worldwide, a dependable maritime info supply within the public area, Bharat Petroleum has chartered the Kalamos, which entered Paradip on March 8, for its subsequent voyage at a every day constitution fee of $770,000.
“It is a very excessive fee. Above $100,000 is a powerful fee and we referred to as it a powerful market final 12 months,” stated Erik Grund, senior analyst at Norway-based vitality intelligence agency Rystad Power. Bharat Petroleum officers haven’t confirmed this fee.
Three different Very Massive Crude Carriers (VLCCs) have been chartered to India at premium charges.
The constitution payment contains solely the rental payment for the vessel. Gas, port charges and canal charges are extra prices. “For VLCCs, it might value a further $50,000 per day,” Grund stated. With oil costs hovering above $100, shoppers could surprise if all of those extra prices shall be handed on to them. Prashant Vashisht, senior vp at investor relations and rankings agency ICRA, stated: “Traditionally, now we have by no means seen a rise within the worth of auto gas on the pump as an opportunistic response to world oil costs. With rates of interest this excessive, demand shall be compressed and costs will stabilize and even fall. If oil costs proceed to rise, oil advertising firms will reply to pump worth inquiries.”
The Calamos is scheduled to load cargo at Saudi Arabia’s Purple Sea port of Yanbu, reportedly piping gas provides to the west coast as an alternative choice to the Persian Gulf, which is closed because of the de facto closure of the Strait of Hormuz.
Final week, Grund was in a position to verify the operation of 4 tankers sure for India within the Arab Gulf/Purple Sea: Adamantio, Kalamos, Malang Thareia and Tejas.
Calamos is a Greek-owned crude oil transportation firm that has been in enterprise for 16 years.
In keeping with Tankers Worldwide, the Adamantios is being chartered for $463,000 a day, whereas the Maran Thalia is being chartered for practically $640,000 a day. In occasions of disaster, VLCCs with a cargo carrying capability of 200,000 to three.2 million tons, reminiscent of Calamos, are most well-liked, and VLCC constitution charges have elevated a number of occasions within the final week. Power specialists stated India’s personal oil tanker capability is proscribed in comparison with China’s, which means its purchases are uncovered to such fluctuations.
Grund stated the Kalamos had been chartered for about 22 days, indicating it could return to the Purple Sea after India.
