Tanker Rates Hit $1.3M a Day As 9 Shipping Stocks Double in 2026
The cost of shipping crude oil by sea has hit a record. The Breakwave Tanker Shipping ETF (NYSE: BWET ), which tracks tanker freight futures, closed Thursday at $1,012.75. It ended 2025 at $19.26. That is a gain of 5,157%. Meanwhile, nine of 13 U.S.-listed tanker stocks have more than doubled this year. For comparison,