Incredible Boom Reported In The Construction Of Oil Tankers

Capt. John
Credits: Ojas Narappanawar/ Pexels
  • The analytical agency Kpler said that the average total volume of oil products currently on board ships globally exceeds 200 million barrels.
  • Large-tonnage VLCC (Very Large Crude Oil Carrier) tankers rose by an average of 21 per cent, while spot freight rates for medium-range vessels increased by 13 percent.
  • At the end of 2022, the Organization of the Petroleum Exporting Countries noted a significant increase in the cost of chartering tankers in all...

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