US Iran Conflict Drives Record Tanker Orders
Shipowners have ordered over 200 supertankers this year in a 20 billion dollar buying spree. The US Iran conflict has redrawn global trade routes and boosted demand for long haul crude shipments.
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Shipowners ordered 217 Very Large Crude Carriers in an over $20B buying spree through September, more than double the volume for all of 2025. The ordering wave is the largest in at least 25 years as conflict involving the United States and Iran redraws global crude routes. Surging long-haul shipping demand has driven spot prices for the largest tankers above $500,000 per day.
