Hormuz Disruptions Push Second-Hand Supertanker Prices Above Newbuilds

Disruptions in the Strait of Hormuz have driven second-hand VLCC prices above newbuild costs, reflecting acute scarcity of available tonnage. This signals a tightening tanker market with elevated freight rates, as owners capitalize on risk premiums. The development underscores the energy supply chain's vulnerability to geopolitical instability in the region.