Shipping & Ports
VLCC Acquisitions Rise as Owners Position for Sustained Rate Strength
Shipowners are increasing purchases of very large crude carriers amid expectations of prolonged rate gains driven by Middle East volatility.
Shipowners are actively acquiring very large crude carriers as they anticipate an extended upward cycle in tanker freight rates. The buying momentum comes amid heightened instability across the Middle East, which continues to influence tanker market dynamics.
Data from shipbroker Xclusiv indicates that activity across the tanker sale and purchase sector expanded substantially during the first seven months of 2026 compared to the same timeframe in 2025.
A total of 365 tanker vessels were reported sold between January and July 2026, reflecting elevated transaction volumes across the global fleet.
Source attribution
VLCCs In High Demand Among ShipownersGlobal Freight Briefing
The commodity and freight brief, twice weekly
Concise coverage of fuel oil, energy trading and shipping markets for professional readers. No promotional content.