- Trafigura Group bought seven oil tankers from New York-listed SFL Corp., expanding its owned fleet.
- Disruptions to shipping through the Strait of Hormuz have drawn scores of tankers into shuttle runs moving key oil flows to the global market.
- Growing risks in the Red Sea are forcing longer voyage routes and times, tightening vessel availability.
- Trading houses and state energy companies are rushing to snap up tankers as rates to charter vessels soar.
Quotes
“Trafigura Group bought seven oil tankers from New York-listed SFL Corp., in the latest example of how trading houses and state energy companies are acquiring vessels to ship crude and products.”
“That’s prompted a rush to snap up tankers as rates to charter vessels soar.”