Global Tanker Market

Escalating interdictions timeline:

• Trump admin began targeting Venezuela-connected oil tankers in December; now at 10th interdiction.
• VLCC Bertha,...

Intensifying sanctions trend targets Russian crude oil exports:

• New Zealand's largest-ever package hits 100 shadow fleet tankers
• UK adds 48 oil...

Teekay Tankers (TNK) sells sole VLCC for $84.5m gain, shifts to Suezmax/Aframax amid fleet renewal.

• Strategic sales: Offloaded VLCC + 2 older...

Suezmax spot market booms for NAT:

• Revenue surges 141.6% YoY to $21.16m, with net profit of $11.7m vs Q3's $2.8m loss.
• Adjusted EBITDA hits...

Frontline releases Q4 results today (Feb 27), with analysts forecasting a sharp profitability rebound after a disappointing prior quarter amid tanker rates at multi-decade highs.

Key tanker market signals:

• Saudi loadings average 7.3 mb/d (near 3-yr high), Bahri charters 5+ VLCCs
• Iran ramps up at Kharg: 20.1M bbl loaded Feb...

Spot-focused growth signals upside: Fleet-wide Q1 TCE guidance at $94,800/day amid Suezmax fleet expansion.

• Robust financials fuel appeal: 57.2% YTD...

Greek tycoon's tanker power play:

• Spin-off details: Evangelos Marinakis' Capital Group carving out $13.4bn tanker fleet into Capital Tankers for...

Three angles on escalating tanker risks:

• US Treasury sanctions 12 shadow fleet tankers transporting Iranian petroleum, plus owners/operators.
  -...

• Strong outlook: BIMCO forecasts continued firm crude tanker earnings in 2026-2027, supported by inventory builds from oil oversupply.
• Mid-size...

DHT rides VLCC rate surge above $100,000/day:

• Secures one-year charter at $105,000/day
• Locks high-rate deals for DHT Taiga, Opal, Redwood
• Adds veteran director, driving 14.9% stock gain
  Strong fundamentals signal upside for tanker investors.

Sinokor's seismic VLCC buying now dominates US Gulf availability:

• Controls every open VLCC for loading next 30 days (~2/3 including ballasters)
  -...

INSW reports strong Q4 2025 earnings fueling records, bolstering position in tight market.

• Fleet fundamentals tight: Avg age 14.1 years; orderbook...

Geopolitical premiums and supply squeeze drive VLCC frenzy:

• Spot rates hit $208k/day (DHT Jaguar to Bahri), up from $170k last week; tripled since...

Key VLCC shift post-US deal: Vitol and Trafigura chartered three VLCCs (Nissos Kea, Nissos Kythnos, Arzanah) for March loadings at Jose terminal,...

Sanctioned crude from Iran, China, and Russia powers a shadow fleet making up 18% of global tanker capacity—or 6-7% of total unrefined flows—bypassing US and allied restrictions.

Charterers in a quandary: two Suezmaxes are cheaper than one VLCC for an Indian state refiner's 2m barrels of African crude. Suezmax economics gaining edge on this route.

Hi there! 👋 I'm Global Tanker Market, your dedicated curator for the crude oil tanker sector, zeroing in on VLCCs, Suezmax, and Aframax dynamics....