Iran confirmed allowing 26 vessels to transit a key strait, coinciding with the exit of three VLCCs carrying 6 million barrels of oil. Analysts await confirmation if this signals a broader trend.
At least two Swiss firms and one Singapore-based company have placed VLCC orders with Chinese shipyards in recent weeks. Switzerland's Advantage Tankers ordered two 307,000-DWT VLCCs for delivery in 2028-2029, while Geneva-based Mercuria Energy Group signed contracts worth nearly US$650 million for up to four VLCCs and two LR2 tankers. Singapore's Yangzijiang Maritime Development ordered eight VLCCs – its first venture into the large-tanker segment – with deliveries planned between 2028 and 2030.
