3 posts
VLCC
Maritime Insights — Hormuz Is Still Moving Oil, but at a Record Price
Hormuz crude is still moving, but at a much higher cost. Deep discounts are keeping cargoes profitable even as Iran expands tanker restrictions and VLCC earnings surge to a record $624,000 a day.
Maritime Insights - Hormuz Shipping Nears a Standstill, Offshore Ship-to-Ship Becoming the New Gulf Energy Route? Behind: China and Saudi Arabia shift more Oil to STS; LNG may follow
China is restructuring the physical logistics of its Middle East crude imports through offshore STS transfers — and the resulting inefficiency is creating exceptionally high VLCC margins.
Maritime Insights - Why Shipowners Are Ordering VLCCs at the Top of the Cycle
VLCC contracting has moved from a relatively subdued market into the strongest ordering wave of the past decade. Owners and financial investors are therefore competing for modern capacity scheduled for delivery toward the end of the decade.
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