With the ongoing crisis in the Strait of Hormuz, the industry is seeing unprecedented disruptions.
- Supertanker (VLCC) cargo volumes have plummeted by 36%, yet voyages are getting longer as ships divert around the Cape of Good Hope.
- Sal breaks down the latest data from Lloyd's List and the Baltic Exchange to explain why tanker stocks are sliding,
- how rates for different vessel types (VLCC, Suezmax, Aframax, and MR tankers) are stabilizing, and
- what this means for global energy costs.
REFERENCES:
Marine Traffic
www.marinetraffic.com
Hormuz crisis slashes VLCC volumes by 36% but voyages are longer
https://www.lloydslist.com/LL1157100/...
VLCCs are once again outperforming aframaxes and product tankers
https://www.lloydslist.com/LL1157205/...
Tanker stocks slide as Hormuz-driven rally shows cracks
https://www.lloydslist.com/LL1157198/...
IEA Oil Market Report May 2025
https://iea.blob.core.windows.net/ass...
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