supertankers

Supertanker shortage makes long-haul oil trades uneconomical

A severe shortage of the world's largest oil tankers is driving freight costs to levels that shipbrokers say they have never seen, making some long-distance crude trades uneconomical and threatening to reshape global oil flows at a time when fuel…

Global VLCC shortage sends supertanker rates soaring

The world is running critically short of the supertankers that underpin long-haul crude oil trade, with soaring freight costs rendering some of the most important intercontinental routes uneconomical and forcing a rapid rebalancing of global oil flows.

Supertanker orders top $20B as US-Iran war redraws oil routes

Shipowners have ordered more than twice as many supertankers this year as in all of 2025, a buying spree worth over $20 billion that marks the largest such wave in at least 25 years, as the US-Iran war redraws global…

Supertanker earnings hit 2-month high as US-Iran ceasefire expires

Earnings for supertankers hauling crude oil from the Persian Gulf to Asia jumped to nearly $510,000 a day on Monday, the highest since late June, as exporters scramble for vessels to move oil through the Strait of Hormuz amid deteriorating…