It has been an interesting week in the VLCC sector, where fundamentals have overtaken the strong sentiment that was driving proceedings early on. Source. Affinity Research LLP....
In the past decade, oil demand has been defined by rapid growth in the Chinese economy, with the country responsible for 60% of global growth. Source. GIBSON SHIPBROKERS LTD....
ScorpioTankersInc ... MONACO, July 18, 2025 (GLOBE NEWSWIRE) - Scorpio Tankers Inc ... Scorpio Tankers Inc ... currently owns or lease finances 99 product tankers (38 LR2 tankers, 47 MR tankers and 14 Handymax tankers) with an average age of 9.3 years.
These tankers are part of fleets whose sister ships have docked at Israeli ports since October 2023, which Norwegian marine insurer Gard says may make them targets for Houthi forces.
The EU is imposing further sanctions “across the shadow fleet value chain.” The new package directly lists 105 additional tankers banned from port entry and services.