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Middle East tanker spree stokes VLCC glut fears as 2028–2029 deliveries loom

freight_commodity_indices UTC: 2026-08-30 21:00:54

As the boom in the very large crude carrier (VLCC) market has continued this year on the back of the Middle East war, some are raising concerns about a supply glut in the tanker market. VLCC newbuilding orders have surged to a record high this year and prices have soared, as t...

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