How the Hormuz crisis upended first-half crude flows and spot tanker fixtures
- Volume of reported dirty cargo spot fixtures fell 8% in 1H26 vs 2024-2025 average and 4% vs 1H25, according to Poten data
- Reported fixture volume of China’s Unipec, the world’s largest tanker charterer, plunged 36% in 1H26 vs 2024-2025 average and 33% year on year
- Brazil’s Petrobras has been the biggest gainer during Hormuz crisis; its reported fixture volume in 1H26 surged 29% vs the 2024-2025 average and 23% year on year
The plunge of China’s Unipec and ascent of Brazil’s Petrobras in Poten’s dirty cargo fixture data highlights the enormity of changes spurred by the Hormuz crisis
