South Korea’s shipyards report growing tanker demand buoyed by Iran conflict
South Korea’s three largest shipbuilders, as well as the mid-sized DH Shipbuilding, are seeing an increase in tanker orders, driven by the conflict in Iran, favourable market conditions and the need to replace ageing vessels
The expansion of geopolitical risks in the Middle East has been immediately reflected in tanker freight rates, causing a sharp surge in VLCC rates on the Middle East–China route
