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VLCC

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    VLCC reported ablaze after new Strait of Hormuz ship attack▼VLCC ‘ablaze’ after new Strait of Hormuz ship strike as Iran-US talks fizzle out✉newsBusinessLabor26 min ago

    A very large crude carrier is reported ablaze in the Strait of Hormuz following a new attack on shipping, coinciding with the apparent collapse of Iran-US talks. The strike adds to fears over the safety of tanker traffic through the strait, a critical artery for global oil shipments, and has drawn attention from shipping and energy markets watching the deteriorating situation.

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    South Korean shipping company Pan Ocean has secured a $109.6 million VLCC fixture, with commodity trader Trafigura continuing to build up its tanker fleet. The deal is being watched by industry observers as a sign of strengthening demand for very large crude carriers and deepening ties between shipowners and major trading houses.