#TankerMarket

Tanker Attack Near Yanbu as Hormuz Traffic Falls Below 20 Vessels

Red Sea Attack and Strait of Hormuz Restrictions Signal Rising Maritime Risk Maritime security concerns are intensifying across the Red Sea and Arabian Gulf, with a tanker coming under attack west of Yanbu, Saudi Arabia, while commercial traffic through the Strait of Hormuz has fallen to a fraction of its […]

August 25, 2026August 25, 2026Marine News Update

VLCC Rates Enter ‘Stop-the-Press’ Territory as China Demand and Hormuz Crisis Ignite Tanker Market

The Very Large Crude Carrier (VLCC) market has entered exceptional territory, with freight rates surging simultaneously across both sides of the Suez Canal. Strong Chinese crude buying, rapidly tightening vessel availability and the continuing security challenges around the Strait of Hormuz are combining to create one of the most dramatic […]

August 21, 2026August 21, 2026Marine News Update