南华油品发运数据周报：中东原油发运量大增，VLCC型油轮需求增加，当周BDTI运价指数继续上涨-20250822

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - The BDTI crude oil freight rate index closed at 1029 points on August 21, 2025, with a week - on - week increase of 0.98% and a year - on - year increase of 9.11%, but the growth rate narrowed. The significant increase in Middle East crude oil shipments and the obvious recovery of the demand for VLCC tankers supported the continuous rise of the BDTI index. However, the decrease in tanker traffic in major sea areas may have a negative impact on the next period's BDTI index, with the growth rate continuing to narrow or turning from rising to falling. Key events to watch include the Fed's interest - rate cut expectations and the Jackson Hole Conference [2] 3. Summary by Relevant Catalogs 3.1 BDTI Crude Oil Freight Rate Index Trend - As of August 21, 2025, the BDTI crude oil freight rate index closed at 1029 points, up 0.98% week - on - week and 9.11% year - on - year. From a seasonal perspective, the growth rate of the freight rate continued to narrow [2] 3.2 Tanker Shipping Distance - In the 31st week of 2025 (as of August 8), the shipping distances of VLCC, Suezmax, and Aframax tankers all increased week - on - week, with the Suezmax tanker having the largest increase at 33.33%. Compared with the same period last year, the shipping distances of all three types of tankers decreased, and the Aframax tanker had the largest decrease at 12.62% [5][8] - From August 15 - 21, 2025, the total tanker traffic in the Red Sea decreased. The average number of tankers passing through the Red Sea was 792, 23 less than the previous week. In the Aden Gulf, the tanker traffic decreased significantly, with 104 tankers passing through, 41 less than the previous week [7] 3.3 Tanker Capacity - As of August 15, 2025, the number of scrapped tankers remained unchanged week - on - week at 9425, an increase of 81 year - on - year; the number of effective tankers increased by 10 week - on - week to 18320, an increase of 444 year - on - year; the number of delivered tankers decreased by 6 week - on - week to 213, an increase of 93 year - on - year; the number of tanker orders decreased by 1 week - on - week to 1342, an increase of 103 year - on - year; the number of tankers under construction increased by 1 week - on - week to 216, an increase of 75 year - on - year [9] - As of August 16, the tanker capacity at ports for all types of tankers decreased. The number of VLCC tankers at ports decreased by 46 to 2288, Aframax tankers decreased by 98 to 2638, and Suezmax tankers decreased by 86 to 2121 [9] 3.4 Crude Oil Shipment Data Tracking - As of August 15, 2025, the crude oil shipments from the US and Russia decreased week - on - week, while those from Saudi Arabia and the UAE increased. US crude oil shipments decreased by 11.89%, Russian shipments decreased by 10.47%, Saudi Arabian shipments increased by 12.85%, and UAE shipments increased by 2.98% [2][11] - In terms of shipment vessel types: For US crude oil, the demand for VLCC tankers increased by 29.09% week - on - week, while the demand for Aframax and Suezmax tankers decreased by 24.92% and 27.22% respectively. For Russian crude oil, the demand for Aframax and Suezmax tankers decreased by 11.28% and 14.72% respectively. For Saudi Arabian crude oil, the demand for VLCC tankers increased by 17.54% week - on - week, while the demand for Aframax and Suezmax tankers decreased by 10.73% and 29.31% respectively. For UAE crude oil, the demand for VLCC and Suezmax tankers increased by 0.36% and 12.66% respectively, while the demand for Aframax tankers decreased by 63.84% [11][12] 3.5 Crude Oil Arrival - During the week, the crude oil arrivals in China and the Netherlands increased week - on - week and were higher than the same period last year, while India's crude oil arrivals were lower than the historical average and similar to last year [29]