Tankers Newbuilding Ordering Spree, a 2026 Dominant Trend

AI Summary

A surge in newbuilding orders for large tanker vessels has been observed in 2026, despite the operational blockade of the Strait of Hormuz due to energy crisis conditions. The tanker market is experiencing a notable rise in fleet expansion for larger capacity carriers.

Newbuilding orders in the tanker market, particularly for larger tonnage, has been a notable trend of 2026 so far. In its latest weekly report, shipbroker Gibson said that “the Strait of Hormuz has been largely blocked since late February but despite an unprecedented energy crisis, tanker ordering activity for large carriers has intensified notably this ...