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Strait of Hormuz crisis Tankers and Gas Posidonia

Tanker bosses warn Posidonia of demand destruction ahead

  • VLCC owners warn against newbuildings, but they are still ordering
  • Removal of sanctions and newbuilding wave to worsen fundamentals from two years
  • Growth of US supply bodes well for tonne-miles, and there’s still a need for fleet renewal

  • News

Protracted closure of the Strait of Hormuz would destroy oil demand, with painful consequences for tanker trades, executives at Capital Link have warned

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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