The next inflation shock: $1 million-a-day oil tankers

🇯🇵 The Japan Times (JP) —
The next inflation shock: $1 million-a-day oil tankers

AI Summary

The global Very Large Crude Carrier (VLCC) fleet consists of about 925 tankers controlled by a limited number of shipping tycoons. These billion-dollar-a-day oil tankers are a critical part of the energy shipping market, influencing global oil transport costs.

The world's VLCC fleet is relatively small, with about 925 tankers controlled by a handful of shipping tycoons.

Markets Energy Shipping VLCC oil tankers shipping tycoons energy transport crude oil global fleet tankers

Read original source →